The Mansa Story
Making Gold as Convenient and Practical as Cash
Like you, we started as gold bullion investors. We first bought gold in 1999, when there was a worldwide fear of a financial collapse due to Y2K. Well, Y2K never happened - thank God - but we continued investing until today. In 2000, the gold price was around $300 per oz. Since then, the price has risen 6X or 600%.
Much of the economic difficulties of the world can be resolved by keeping to the gold standard, but the powers that be had instead opted to take us towards the opposite direction. Especially since 2020, during the Covid pandemic, they pushed the money supply to unprecedented heights. Consider:
1. The US budget deficit is projected to be $1.5 trillion in 2023. This, along with previous deficits, must be financed by debt or money printing.
2. The total US government debt has accumulated to $32.6 trillion and it is still growing.
3. The amount of interest that the US government has to pay on its debt in 2023 is estimated to be $640 billion which is 43% of the deficit. The interest amount will only increase annually as debt and interest rates rise.
*The figures above are as of at the time of writing, i.e. 5 August 2023. While the figures are for the US, the whole world is generally doing the same things as the US. Therefore the issue is relevant for the world: Unless there is political will to control the deficits and pay off the debts, the world economy is on an unsustainable path.
- - - - - - - -
Never has the potential for the gold price to explode been higher than it is today. That is why our mission is to make gold as convenient and practical as cash. Our mission makes us stand apart from other online gold suppliers.
We started the conceptualising and development of Mansa in 2019. In 2021, Mansa was launched as the platform for trading, keeping and sending gold. To date, we continue with the Mansa roadmap in line with our mission.
Mansa is a venture project under Mia Niaga Sdn Bhd.