Then pay cash, instead of debit, debit or check and while you’re at it, move out of Great Britain, and side step their 20% vat tax ( surveillance) on silver. 🤷🏻♂️
Funny isn't it, they don't appear to like gold and silver, because of the reason your money is out of the system and no longer under their control. They are "concerned that you might lose money through it or be taken advantage of" but its alright for them though, to recommend you invest your money through one of their financial advisors into shares that then lose money for you. That isn't taking advantage of you at all especially because you have to pay also for their so called financial advice
@@livinthedream7714 In one instance with me yes, following their supposed financial advice I lost several thousands of pounds where the shares plummeted. Couldnt get rid of them at a decent price when I tried to sell before they went into freefall
My dislike towards banks has really grown over the pass five or six years to almost total hatred, and now with banks openly involved in politics who do they think they are. Thanks for sharing.
There is a huge lack of liquidity in banks. I went to withdrawl $15K cash and the bank said they didn't have large bills unless I notified them ahead...I'm like what ? A bank with no money ? It was the main branch in a big city...wtf ? I think they are way less solvent then they pretend to me.
Natwest stopped me buying £8K of gold Britannias from a reputable dealer - this is not a conspiracy theory. They kept blocking the transaction insisting it was a scam. Even after calling them up they would not allow the transaction to proceed. Remember once your cash is in a bank account it stops being your money.
Some things are just conspiracy fact. Even many conspiracy theories turn out to be true. The only way conspiracies would be rediculous would be if we lived in a world where people never conspired or lies. It's the media that's conditioned people to think stupid whenever they hear the word conspiracy.
Was that a stroke or just babble? Care to elaborate where your getting 47-0 by my count everything labeled conspiracy theory by the mainstream during Covid turned out to be spot on
"If you aren't doing anything wrong, you've got nothing to hide. Until the government moves the goalposts of right and wrong, and suddenly you're on the wrong side"
My buddy ordered 21 thousand dollars worth of gold and silver from a reputable dealer here in British Columbia earlier this year. About a week later, the dealer called him to see if he still wanted to purchase the products as the bank had not sent payment to them. He had to take a day off work to go to the bank to find out why , they had temporarily shut down his account because they thought it might be a fraudulent transaction, didn’t call or email him to confirm it at all before they did that. All his pre authorized payments were shut down as well, talk about a load of shit.
More reason to get out of the system. I am currently half in and half out! When Trudeau froze the bank accounts and assets of the Freedom protesters, I knew the tyranny was real and a present danger.
@saythankyou111 the tyranny is all around us. The Canadian Prime Minister invited a Nazi war criminal to the House of Commons and they gave this Nazi a standing ovation! The world has gone mad! I won't blame you if you google it, it is so unbelievable. Get out of the system and stay safe!
I'm not on a list, because I have only ever paid cash for the gold and silver I have. It's the beauty of cash, and why CBDCs will be the death of freedom and privacy.
If you bank is being intrusive asking questions on what you spend your money on, pull all your funds out of that bank and close your account. Only bank with traditional banks or federal unions!
Yep. If people held true it wouldnt last. Money talks much louder than anyones mouth. If people stopped supporting venues that didnt take cash those venues would have to change their tune if they wanted to remain in business.
Fat Vest had no trouble wi me transferring inherited fiat for numiez. Folton Grp. In fact, I told them exactly what I was buying and that I would be exceptionally angry if I suffered the embarrassment of having the transaction stalled. Mr D. Tragic boating accident.
Yep! I recently made a video on this same topic. What I learned and the huge response was very eye opening. Thanks for bringing attention to this topic. The evolution of money is progressing rapidly.
The bullion business is an untrustworthy business. I mean, whether you are buying or selling. I don't trust dealers. The banks don't trust dealers or stackers. Dealers don't respect stackers. No one trusts anyone. Dealers tell me my bullion is worth a ton of money until its time to sell it back to them. I want lower premiums but pm is really scarce which justifies the high premiums when I buy. It seems like the dealers always win. The banks are pissed because you are buying and selling real money which makes the dollar lose value. For my part, I keep the banks out of the loop. I pay in cash and only accept cash when I sell. I never deposit the cash in the bank either. I don't care what the coin shop's do. Why should I? Its a dog eat dog world now.
To be fair, the only difference between conspiracy and fact is about 6 months these days. Unfortunately though I lost a lot of my stack in a boating accident . Clumsy me.
The bank blocked an international purchase (USA to Canada) on a 100 dollar non bullion purchase. Never notified me. Claimed that they were worried about a fraudulent purchase.
When your money is in the banking system it actually loses value with every transaction. To the buyer it doesnt seem so but as a seller you get less than the buyer paid. Thats why they want a cashless society to tax every transaction we make. Cash is immune from this.
But cash loses up to 10% buying power each year, just look at how much you can buy with £100 now compared to 5 years ago. Cash is trash only good for paying for goods and services not good for saving.
@@lyonheirholdings285 Talking about daily living rather than saving. Every time you pay by card or the proposed cbdc the bank takes their cut. Retailers pass this on to consumers via higher prices devaluing your hard earned money. Imagine an entire population paying fees on just paying for everyday things/bills, how much collectively that will raise for the bankers pockets daily.
3 Months ago Commonwealth Bank in Australia wouldn't let me raise my BPay limit to transfer money to the Perth Mint until I got really ropable and started abusing the shit of them over the phone. Reminded them of their own $700 million fine for money laundering enabling.
Many LCS's have stepped forward in various videos (see SpegTacular and others) telling that they have NO problems with their banks over cash/digital transfers. They explain (as BYB does) that it is all about keeping your records in order. If so, the banks will not consider an LCS troublesome and not close the business with them.
Hi byb , Of course banks don't like gold and silver. Banks want to sell paper promises. For these products they give lower interest rates compared to what the banks make at the capital market. On top following: if you talk to your financial adviser at the bank it's well not an adviser but a sales person. He/ she wants to make money on the back of the customer. By buying gold and silver you avoid all that. And that's the reason they hate gold and silver! Best wishes from Germany
The money one has in an account at a bank, has already been loaned out by that bank, so when you spend it on non essentials, the bank does scrutinize the transactions. Time to move to a non clearing bank!!!
Own nothing and be happy. Banks are under heavy stress. That’s why the don’t like that you take money out of the system.. and own nothing and be happy remember?
I know you don't like conspiracy theories, you called me a nut last time I mentioned this. I agree the action against coin and bullion dealers is to do with compliance and the untraceable nature of most precious metals as opposed to a grand conspiracy against us personally. You're right what you said - this is not a conspiracy it's just how it's going to happen. Yes, we're deliberately phasing out cash and any untraceable asset like precious metals to replace it with fully digital CBDCs. The want to know everything about the compliance side while tracing every transaction and knowing the full identity of every party. Just like they do in China. Who made China's CBDC and social credit score system? We (the collective west) did, many employees have quit at large firms like Google, Microsoft, Apple, etc due to contracts with the CCP and even the US military. There's a connection between tech companies and personalities like Elon Musk, Jeff Bezos, Tim Cook, Bill Gates and China - all of them rely on China to produce their products and make them rich. In exchange the individuals and companies design tech for the CCP to the specs they ask for. Elon Musk said we should just give Taiwan and Hong Kong to China. China is the model we are following using the technology and abilities we gave them. A world in which you can't board a train, bus, taxi or plane without being approved biometrically and paying in CBDCs is not a conspiracy, it's what China is aiming for and currently achieving. There are even crazier things out there like WorldCoin and connecting digital currencies to water facets, which has already happened in Africa. In China they are willing to do similarly dystopian things to citizens they deem to have crossed the line. The phrase, "own nothing and be happy", is a CCP phrase, that is precisely their system - you don't own anything even your house, you are given leases by the CCP which they can revoke whenever they want In the UK or US if you buy an iPhone upfront in full then you would own the iPhone. If you use a subscription with a carrier or an Apple upgrade plan, you never own the phone even after it's paid off. In order to get your latest iPhone you have to send the old one back to Apple, then the cycle repeats. Own nothing, be happy. Many people use the same system with cars in which case you can either own all of the car, own some equity or trade-in value for the car, or own none of the car and get a new one every 3-5 years. Always paying, rarely owning. The big one is paying rent. All the same payments as the car and iPhone with zero ownership or small amounts of equity This is the CCP model and it's the model turning some men in the US and EU into billionaires, probably eventually trillionaires. If the CCP system is our system but a few years in the future, then we don't have to create conspiracy theories to know what's going to happen next, we just have to observe what they do to their own people I remember saying you were on their radar maybe 8 months ago and you laughed. It's not funny. Ultimately people with physical assets that can't be traced or taxed and those who choose not to live on subscription will become vulnerable as the system perceives those who live any part of their lives outside the system as being a threat. If you think for yourself then it's more difficult for them to tell you what to think The evidence is strong of a uniparty within the UK (doesn't matter who is in government it's still the same BS). The same is true in the US and EU. They come together with counterparts from what we perceive as rival nations like China, and they decide the rules the rest of us must live by. The rules are simple - taxes and usury to ensure their continued wealth and control over global affairs. Precious metals, cash, farms, these are the antithesis of centralised control. They must limit or cease the ability of plebs to own these things. That is what they are doing. A war against cash. A war against farmers. The war against precious metals hasn't begun in earnest but a few warning shots have been fired.
I've just bought 10 sovereigns with no problem, but I've had a weird phone call from my bank a week before asking me some questions that had nothing to do with my account.
😂... I hope they didn't leave me off the list, I got a treasure map and everything for them if they come knocking 😂... imma make this s*** into a gameshow and televised it make some money off of it if they ever come for my gold & Silver 😂😂
I have a book, a ledger if you like, that contains every single purchase since I began stacking. I haven't sold yet, but sales will also be recorded, by hand. I have no faith in keeping my records on any sort of software or technology, and if my hand written accounts aren't good enough for whenever Mr. Taxman comes knocking... well .. tough. I say that because all throughout history, they've sufficed, and there is no law that says that they should no longer suffice. Cool Kids Rambling Club 👍
In the UK, I have found using the NationWide building society to be problem free. However my bank has denied bullion purchases and frozen my account on two occasions. So I move money to the building society and keep as little as possible in the bank.
This is the bank's risk to take there's nothing illegitimate, there is an alternative and that's to exit the banking system as a retail customer. The solution not mentioned get a kinesis account, as a way to pay for gold/silver with gold/silver. It's got peer to peer payments, a virtual debit card, vaulted gold/silver storage.
Ty for this video. Why not buy up heavy sterling silver candle holders or flatware through vintage dealers? If you have a connection with Thailand, why not have someone buy 23K jewelry or bot cards? I’ll admit I know almost nothing about the US & UK mints. Is this rule only in the UK?
@@BackyardBullion975 sterling is still 975 sterling. Someone I know had to fill a suitcase that was heavy bc of the weight of sterling. If they tried to fly with it, it would be too heavy. Also, think of powdered sterling that dentists etc use. It’s medicine. Many people are selling their family silver for pennies on the $ with cash. No one is going to question you if you fly with several pieces in your luggage. Think of wrapping a cake fork or candle stick holders as wedding presents.
I can think of one other thing we’re on a list for, at least me, for what I decided not to do. They’ll never admit it, but they view people with opposing viewpoints as threatening.
Buying Gold is a way of holding wealth for the future. Banks don’t like it because you are getting through there defensives . They want it all so keep buying it buy buy buy.😂😂And don’t forget when you put your money in the bank it then becomes theirs yes theirs not yours.
If the banks continue to going this way. The uk banks will lost out on their profits. People can take their money out of the big banks and start using the smaller individual banks and push thier profits up in their instead. Cash should always be king. We will all get old one day, and when your eyes are failing and your hands cant move. That means there will definitely a issue for the elderly. Cash is king and we should fight to keep it.
I asked for a loan to buy gold a few years back, they had to call the manager to answer my request, after a few minutes he couldn't find any reason why i shouldn't at that moment in time.
Never - I repeat: NEVER take a loan to buy PMs. If you need to sell it you might lose money and then you still have to pay off the loan with interests. If you do not have excess cash, PMs are NOT for you!
@@user-st8bk4sk9i It was only an exercise, because central bank interest rates were on the floor, I was seeing if their loan rates would correlate according. They didn't, so I didn't. (take up on their quote).
@@user-st8bk4sk9i I dont have excess cash in abundance, enough to pay my utilities, BUT, I do have sufficient pms to supplement my monthly income for about 12yrs should the need arrive. If you wait to have enough devaluing fiat currency, before you acquire pms, pms will be the last thing on your bucket list. The point I made at the bank was, it seems OK to get a loan for a depreciating asset like car or a boat, but for bullion gold it seems to be a problem.
I buy all my gold on a credit card ( paid off in full) with some months been 5 digits worth. and ive never had a issue. Touch wood. The card is always from a different provider to my bank, so hopefully my bank has no idea what I'm buying . I have bank accounts from 11 banks and 3 credit cards , ive never closed s bank account down i still have the one i opened up at school . You have to close unused credit cards though as that can screw your credit file up.
In fact if you do a vid entitled ‘are the WEF and the G7 colluding to end Gold and Silver ownership by private individuals’ ..and actually read what the WEF and And G7 nations are saying…(they are telling you what they plan)..you may get your 100k subscribers
Nice video, something l was going to ask you about actually, the name of your business account when going from you. I’m really sorry but as buying metals is a bit of a problem of late l really think you should have registered your business with out the word Bullion in it. It’s a red flag straight away.
The answer is Crypto, Bitcoin and Dogecoin are my favourites, Bitcoin is like Gold and Dogecoin offers transactions as low as 000.1p per transaction. People don't realise that living in a Nanny State like the UK is Tyranny, a man should be able to make transactions with whom ever they want, your freedom to choose how to live should never be up for question or negotiation. "It is better to die on your feet, than to live on your knees"
My bank seems to be fine transferring money to a business but doesn't like me transferring to private individuals. I'm trying to figure out what to do to buy on your forum Chris.
To be fair. "Backyard bullion" sounds very homey and personal to us that watch your channel, but on a bankstatement I see how "backyard bullion" could come across very sketchy. Kinda like an autobody shop called slauterhouse
Well in britain the people's vited to keep green currency,,banks announced, the people's, puplic preferences, preferred prefere green cash currency, in AUG 2023 ,.
Currency costs alot of money to make, (its called seniorage), only if you need or want to create too much of it. In hyperinflation situations only one side of the paper gets printed to save on ink.
