Dubai Offering Gold in Exchange for Weight Loss

Dubai Offering Gold in Exchange for Weight Loss

Dubai, alarmed by the sudden rise in obesity among its citizens, has decided to offer an interesting incentive for its population to slim down — gold.

Obviously not satisfied with the weak efforts of fellow weight-adverse politicians (they laugh at Bloomberg’s “stairs” idea), Dubai is offering a gram of gold for each pound lost by participants. Dubai is synchronizing the 30-day challenge with the fast of Ramadan, to make weight loss easier.

“Ramadan is the most appropriate season to launch such initiatives as it reminds us about many health benefits of reducing weight and encourages us to take strong steps to change our bad lifestyles,” Hussain Nasser Lootah, the manager of the city of Dubai.

The campaign, called Your Weight in Gold, will also award the three highest weight-losers the chance to win a gold coin worth $5,400.

While some employers in the United States give employees gym memberships to keep them skinny (and attractive) and their insurance premiums low, nowhere in the United States has government ever incentivized fitness in such a brazenly free-market way. Paying citizens to get skinnier to avoid health care costs down the line seems like a pretty great idea. And paying in GOLD, no less! Let’s do this, America.

Source: http://gawker.com/dubai-offering-gold-in-exchange-for-weight-loss-858662011

LBMA Now Staring At Another Gordon Brown Abyss

Today whistleblower Andrew Maguire warned King World News that the LBMA is now staring dangerously into the abyss once again.  Maguire, who recently appeared in the CBC production “The Secret World of Gold,” described this stunning situation as “very similar to the abyss that Gordon Brown stared into when the Bank of England was forced to bailout Goldman Sachs 13 years ago.”  Below is part one of a series of extraordinary written interviews that will be released today with Maguire on King World News.

Maguire:  “The mainstream media has this myopic focus on the over 600 tons of GLD redemptions, while in reality we are witnessing massive bullion demand far in excess of these relatively small ETF redemptions.  This bullion demand is actually putting enormous pressure upon immediately deliverable LBMA bullion stocks.

What is notable, Eric, is that since the ABN AMRO bank default became public, it forced that defensive attack by the Fed and the Bank for International Settlements….

“I know we talked (on KWN) about it right as it happened, and it forced that defensive attack.  It was a desperate attempt to bail out an imminent collapse of the largest bullion houses in London.  And despite an over $400 rigged decline in the gold price, Eric, here we are back full circle, with the bullion bank inventories again under stress.

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/19_Maguire_-_LBMA_Now_Staring_At_Another_Gordon_Brown_Abyss.html

Dubai Is Going To Pay Its Residents In Gold If They Lose Weight

Nothing burns calories like a nice monetary incentive.

At least that’s the theory being tested in Dubai, where the city is offering residents 2 grams of solid gold if they lose at least 2 kg (4.4 lbs) within 30 days, Emirates 24/7 reports.

It’s all part of a contest called “Your Weight In Gold,” which has been billed by the city government as a way to promote healthy living and raise awareness about sporting activities.

The deal gets sweeter with every pound people drop. Once they hit the 2 kg weight loss mark, participants are guaranteed to earn 1 extra gram of gold for each additional kilo they drop.

At today’s rate, a gram (.03 oz) of gold is worth about $45, which means you’d earn $90 for dropping the initial 2 kg of weight, plus another $45 for every kg thereafter.

There’s no limit to how much gold you can earn, but doctors recommend losing about 4 to 8 pounds per month (1-2 lbs/week) to stay healthy. At that rate, you could pocket $180 – $360.

It’s not exactly enough to buy a new treadmill, but you could probably get all the skinny jeans you could want.

Participants can sign up at local parks and will weigh in at public scales manned by trained dieticians.

Obesity is cause for major concern in the United Arab Emirates, where it’s on track to surpass smoking as the leading cause of preventable death. More than two-thirds of men and nearly three-fourths of women are considered overweight.

“When people come here they become obese,” Dr Fuad Ahmed, a consultant specializing in obesity surgery, told The National. ”The curse of this civilization is that we have stopped using our bodies and we eat too much.”

The contest begins July 19 and runs through Aug. 16.

Source: http://www.businessinsider.com/dubai-will-pay-residents-in-gold-if-they-lose-weight-2013-7