XODUS GOLD CO-OPERATIVE LIMITED
Unique structure to invest in precious metals
XODUS GOLD CO-OPERATIVE LIMITED is a primary trading co-operative with limited liability in terms of the provisions of the Co-operatives Act, 1981 [Act 91 of 1981] as amended.
Key Elements of the Constitution
Objects
The Xodus objects are set out in sections 5 read with sections 6[1][2] 73 X of the Constitution, as amended on 15 April 2021 as registered with the Registrar of Co-Operatives no. 2002/000005/24/2 (“the Constitution”).
Powers
- are set out in section 6[1][2] of the Constitution
Application for Membership
- is set out in section 8 of the Constitution
Member Resignation
- is set out in section 14[1][2] of the Constitution
Suspension and Expulsion
- suspension and expulsion members are set out in sections 16 to 17 of the Constitution
Management
- is set out in sections 20 to 45 of the Constitution
General Meetings
- are set out in sections 46 to 60 of the Constitution
Borrowing Powers and Related Matter
- are reflected in sections 61 to 72 of the Constitution
Business
- is reflected in sections 73 to 78 of the Constitution
Xodus Constitution as Amended
- The board of directors manage and control the affairs of the Co-Op in terms of its Constitution as amended and the Co-Operative Act, 1981 [Act 91 of 1981] as amended.
Why should you invest in gold, silver or platinum?
The answer is quite simple. Gold is produced at a rate of about 2 ounces per second, that says $2 800 per second at a price of $1400/Oz.
World debt is created at around $50 000 per second, out of nothing, which is called FIAT money. There is no back-up for it, and it bears interest.
Thus, if the paper debt is created 17 times faster than its monetary reserve or the only tangible asset they can use as a back-up, it means that paper or electronic currencies are losing value at a fast speed.
The global financial system is nearing a point of imploding. Bank depositors are getting increasingly concerned about the safety of their deposits with banks as legislation is now being changed around the globe to make provision for bail-ins.
A panic run to gold and silver is a high possibility. Investing in gold or silver can be regarded as your insurance premium for protecting your pension assets.