I Closed My Bank Account & Safe Deposit Box Because Of This...
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- Опубліковано 27 вер 2024
- #Gold #silver #bank
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Topics covered in this video:
banking, finance, gold, silver, precious metals, cash, wealth preservation, economic uncertainty, financial independence, store of value, means of exchange, alternative finance, bank withdrawal, financial strategies, personal finance, financial system, economic trends, global economy, investment, asset allocation, monetary policy, inflation, deflation, wealth management, fiat currency, currency devaluation, financial education, financial literacy, monetary history, financial freedom, financial planning, asset protection.
Purchase link for my 100g bars: backyardbullion.com/product-category/all-items/
That fossil Silver piece, is amazing 👀🇩🇰
You don't want to be the last one in the queue for FCSC Money.....there will only be an IOU waiting for you! As stackers always say, if you don't hold it you don't own it. As a fully signed up Tin Foil Hat Wearing Conspiracy Theorists, it was always interesting to have people laugh at me and always took it in good jest. Strangely, they don't laugh anymore, they just get very angry....Why is that???
Thanks for commenting
BC, the truth is coming out and destroying their comfortable outlook on the world.
Some trust a hollow tree more than a bank.
True that.
I've moved all my money to Northern Rock.
Ok....
Pah! Safety deposit boxes - bury it in the back garden and draw a little map.
Thanks for your feedback
This is seriously a good solution. I 've thought it many times. If i had a private home with back garden i would have done it.
Heck yeah brother ! Smart ! I don’t use a bank for anything but cashing checks anymore ! The best safety security box is to burry it !
Good stuff
Metro Bank has a history of business irregularities going all the way back to Commerce Bank.
Indeed, could be a slow decline
@@BackyardBullion Fun Fact, the founder of Commerce/Metro Bank owns the largest private residence in New Jersey. The house itself is around 1 acre in size…..
Yeah before covid they had issues with their mortgage loan book, shares took a big hit. Not a surprise they have issues now.
I actually liaise with metro Bank, nothing short of cowboys in the banking world, you did right to leave 😅
Good to know.
well done man , you are one of the smart one , some serious pain is coming and all this prepping might well pay off finally :-)
Thanks 👍
I looked into Metro Bank safe deposit box, then worked out how much it cost. It was 1oz of silver a month. Just upped my home insurance at no extra cost, and a better safe, well I say safe, just dug a deeper hole!
Nice, good stuff
Interesting. Thank you for sharing.
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It’s certainly important to hold many small baskets in different forms. Everything has its pros and cons, but generally it brings less risk to potentially losing a little versus a lot.
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All best 👍
Thanks for sharing!
You only own it if you have it. When you put money in a bank it belongs to the bank. They will then do to it as they wish. Think about it.
You're not wrong for not trusting a young chap like that they obviously don't understand what's going on with the economy
Indeed
hi byb as far as im aware hatton garden safe deposit was the place robbed , hatton garden metals a bullion company which also offers safe deposit options is a totally different company , just wanted to make this clear mate
Yes, that is what I meant.
The 10oz celebration bar is a stunner. My first 10oz bar. Mine came direct from the Royal mint and it came in a full acrylic capsule, so I was surprised to see yours in a wrap instead. I may ask for a new capsule though as it has scufs on it.
Im loving the look of that 10oz Royal Celebration bar, I cannot resist any longer im going to have to get me one. Great content thanks for sharing.
I love it!
I remember when I first learned about Banks only allowing a certain amount of withdrawal per day and if you need a specific heavy amount as soon as possible, you have to go through some application process. That is what I call bologna to be gentle in this comment section. This is why I have multiple Banks and when I get my paychecks and my bills are paid I can just transfer cash to multiple Banks and then go out and get my earned property haha and some of it does get turned into silver and gold, just don't tell my Banks
Thanks for sharing your thoughts
Banks don't just hold your cash in a vault free of charge, if you don't understand that you're going to be surprised.
Hope to see you Sunday !
Thanks!
The issue with fscs is they dont have enough money if multiple banks started collapsing. Nobody should ever do nothing and rely on it. Also they are a private independent company who makes it known they are seperate from government and the financial service industry, red flag.
Yes, you aren't wrong about this
If we were to experience hyperinflation before such a crash, then £85,000 might not even buy you a loaf of bread; in which case it may be easy for the government insurance scheme to pay up?
Bit like USA and SVP bank - they will confirm all your money is safe, to prevent a run on the banks and the collapse of the banking system
FSCS is not a private company
Currency is not money, at best currency is a borrowed promise. Gold and silver are real money.
That pickaxe reminds me of the mining skill at good old Runescape haha
did that last year my friend, referring to your title
Thanks for sharing!
I like those silver buttons, very nice.
Smart to close those accounts. People can use Money Orders to pay bills. People can use payment cards to cash their paychecks. -
IF you aren't physically holding your precious metals, you don't really have them. Yes there is danger in holding your stash, but there are many ways to hide it and the best thing is "Don't tell anyone what or where you have it."
The ROYAL CELEBRATION BAR is the most beautiful bar I've ever seen! WOW! But BYB, your work is just phenomenal! Well done. Wise move with the bank.Stay Cranky my friend! 😠👍
Aren't your deposits insured in England? When banks fail in U.S. insured to 250 K per account. Bank stays the same with the same employees just a new name on monday.
HI I'm a new subscriber here came over from 365. Very nice box you sent to him . I would like to know more about your 50 p coins like the Peter rabbit and Paddington bear. I love collecting foreign coins and those are so cute. Also defiantly going to check out your pours. Been hearing good things all over the coin community about the quality of your work and just from what I see here is awesome! Keep up the great work and can't wait to get my own backyard bullion pour!!
Thanks for subbing!
I guess the real question is, will the government let a large bank fail...We have seen examples of the US government bailing out large corporations including banks in the past. She may be right if the government deems it a critical infrastructure....which may be even more sad and telling of the times we are in...Bless you Sir and I hope the best for you and your prosperity!
Metro will have told it's staff how to react
Yes, I have no doubt
@@BackyardBullion "Better tel the girl what to say. Don't want our own staff starting a run on our own bank"
Personally i would never buy bullion unless it was with cash , with no name or address mentioned .I've heard that when you buy bullion the banks notify the government , plus if your bank has a buy in clause they can legally use YOUR money / assets , to get themselves out of trouble .
Have you got a video or advice on the best places to purchase silver online in UK? Thanks
Here in the U.S., most people are completely unaware of Executive Orders, which basically give the government total power to bypass the U.S. Congress during a so called, 'state of emergency'. One such executive order is that the government can legally confictate all contents of safety deposit boxes whenever they deem necessary and without a court order or warrant. Unfortunately I was unable to locate this particular executive order because the internet is completely controlled and any searches are heavily censored.
LOL. take that tinfoil hat off buddy, it will give much more oxygen to the brain. Lol, cant find the executive order because the internet is completely controlled and censored. Just wow.
I was already partially aware of the gold US confiscation. But I've just googled the specific order. Executive Order 6102 in 1933.
So no, you can still find it on the internet. But also yes the government is scary.
For example today HMRC are now trying to redefine the rules on stocks and shares ISAs.
@@BackyardBullion- “tin foil hat”! You’re rude, and need to get “red pilled”! If you don’t things like this can happen, you are the one who needs the O2? LOL! The same thing could be said about you pulling your money out of your bank! LOL! Please be more respectful to your viewers! LOL! Oh, and surrounding your sentences by “LOL” doesn’t make it less rude. As you can also see, another viewer left a comment with the Executive Order #. If you trust the Government (or any bank), you’re in for a big surprise!
Delusional
@@BackyardBullion British gas were breaking into homes and vandalising properties, legally, using mercenaries (debt collectors)
The money you have in the bank is not yours, a deposit is a loan to the bank - you are THEIR creditor. The bank in return promises to pay you back on demand. They won't pay you back in cash or pay you respectable interest on your loan to them, but they will charge you base rate + 3% on a mortgage and base rate + 35% on a credit card. They'll also lend every penny you give them to 11 other people, charging them for the privilege
You give the bank one pound. The bank turns that into £12 + 5.5-40% compound. In return the bank gives you < 1/15th of the value you generated for them under what is essentially the same agreement - terms of credit
The law is very much not in our favour. The banks get away with this because we need them. Being very rich they have a lot of political and social power. They hate it when people like us take 'their' money and spend it on things they can't electronically or physically monitor, like an ounce of gold in your bedside drawer
No tinfoil hat or conspiracy theory needed. They are so greedy they will not tolerate 'their' money being taken out of the system. Every pound you keep in the bank magnifies their power and influence by an order of magnitude. The bogey men are greed and power, they are the ones who have infiltrated every aspect of corporation and government. There doesn't have to be a coherent central boss calling the shots when the shared value of killer capitalism leads us all to the same goal
I dont blame you but most banks fail due to lack of confidence people removing money, rather than a fundamental resaon .
They fail bc of fractional reserve banking
@@margaretlovrich6837 that's the route cause yes , but most of the banks would not have failed if there hadn't been a bank run, which makes the allegation of a failing bank an actual failed bank.
I'm awake and aware of what's happening, aka a conspiracy theorist
Can you buy ur bars from the USA can’t figure how to buy online site. They look very neat
Thanks, they have sold out now. More stock coming tomorrow so check back soon!
Why on earth were you with Metrobank ??. There are far better, larger & more well capitalised banks in the UK. Nationwide Building society do Savings & Current accounts and they are a mutual not corporate...
I think I would have done the same was I in your position.
Not surprised
I live in the the states and bought one of the 10oz and 1 Oz celebration bars but my 1oz didn’t come in Assay could I buy one from you?
What bank do you recommend?
Would you be happy to share the name of the alternative safe deposit box provider?
Sorry, no I am going to keep that to myself
Because of what?
Did you actually watch the video?
B.Y.O.B. be your own bank.
Bunch 😮 of Bologna 😮😊
What exactly are you referring to?
Bologna is a town in Italy - check the dictionary for the correct spelling next time 🙂
Tried watching but couldn't sit through nearly 5 minutes of pointless adverts - hope it was a good video... :(
Tried reading your comment but couldn't because it is so full of stupidity
😮Bullshittttt 😮
Care to elaborate or are you just that simple?
It ain't safe unless it's with you
Factually incorrect
We'll make a conspiracy theorist out of you yet! If taking on 3rd-party risk you may as well buy paper gold as opposed to paying to store physical in a vault or safety deposit box. I think you store £10K physical at home and then either you buy a vault and pay for specialist insurance at home or use an outside vault/box as a last resort. Not in your hands, not your gold. It's super important what you said about having to get insurance on safety deposit boxes. That makes no sense to the layman but if someone steals your deposit box you get NOTHING
Oh a silver trilobite, awesome.
It's funny you are a stacker and you don't know better than to keep your stack with you because no matter where you have it at the federal government will take it from you
Take the tinfoil hat off buddy, it helps oxygen get to the brain. Live in the real world.
@BackyardBullion but isn't it the government when a bank goes bust that takes over? I don't know the details for the UK but in the states they can take what's inside the boxes. Same is also in the bank contracts small print in Luxembourg
@@airmacful- He needs to be “red pilled” (before he learns the hard way - like so many people)!
Complete delusional behaviour from all of you.
Someone say silver ? yummy 🤤
Love me some silver!
Safety deposit box only for primary copies of valued documents and jewelry/memorabilia you worry about burning or flooding in your home. They specifically warn you about seizing or holding cash/pms/weapons in the box. Spread out your wealth.
How long until those RM bars start milk spotting?
Not 😃
Just subscribed. New stacker. I feel woefully under prepared. I had no idea private citizens could own bullion until I saw a vidoe of Robert Kiyosaki talking about it. Took me a couple of months to find the guts to buy my first 5 ounces, but now I'm hooked!
Wow those ingots are nice,my best silvers are King Arthur Britannia's
Thanks my friend, appreciate the feedback
great video, definitely something to think about when trying to find the best way to store your metals
Bank savings deposists technically belong to the bank not you whereas safe deposit contents belong to you and so you should be able to get that back even if it collapses. The FSCS is not backed for mulriple bank collapses
As for safety deposit boxes in the USA apparently they don't have any keys for the lock and they have to be drilled. Don't loose your keys
UK banks still have safety deposit boxes? Try getting one in the US. No one offers them anymore.
I've a cousin who is an actuary
Now you are bankrun bullion
My collection is growing to a point where im starting to worry. I do have a couple of small safes and have looked a little bit of safe storage but its quite expensive. Might move it to another family members home. What are your thoughts on buying precious metals that stay in a vault permanently? Cheaper i guess but i kinda like looking at and holding my stuff 😂
Ask yourself what happens if that institution goes bust. What happens if there is another pandemic and they cannot pay you out?
Get one of those massive safes that bolts into the ground. They're expensive though so only do it if you've got £10,000+ in stuff to protect. Not worth it otherwise.
Aint u no good at finding decent hiding places bruv ...
Banks are for cashing cheque's, nought besides. No safety-deposit box for me neither, real money is quiet money and I want to keep it that way 😉 btw this thing in Palestine did not flare up over night.