Could Your Bank CLOSE Your Account or Even Stop Your Mortgage Because You Bought Gold & Silver?
11,839
Published 2023-07-26
A great example of banks closing accounts when selling things...
• Here's a REAL Client Story, just Like...
/ @blackbeltbarrister
In this video, we explore the challenges that many people face with the modern banking system. We'll delve into the reasons why this process can be so difficult and frustrating, and how it relates to the concept of owning gold and silver as a means of being your own bank.
We'll start by examining the current state of the banking system, and why banks are becoming increasingly resistant to allowing customers to withdraw large sums of cash. We'll also take a look at the historical context of this issue, and why it has become such a hot-button topic in recent years.
From there, we'll explore the benefits of owning physical gold and silver as a means of preserving wealth and protecting oneself against economic uncertainty. We'll discuss how these precious metals can be used as a store of value and a means of exchange, and why they are such a popular choice for those who wish to be their own bank.
Throughout the video, we'll hear from experts in the field, as well as individuals who have had personal experience with the struggles of withdrawing cash from their bank accounts. We'll also provide practical tips and advice for those who are interested in exploring alternative financial strategies, such as owning gold and silver, and becoming their own bank.
So if you're curious about the challenges of getting cash out of a bank, and want to learn more about the benefits of owning precious metals as a means of financial independence, then this video is for you. Join us as we explore this important and timely topic, and discover the power of being your own bank.
If you would like to support our channel please check out our shop page for all our hand poured silver.
backyardbullion.com/product-category/all-items/
Join the channel and show your support by becoming a BYB Rambling society member today!
youtube.com/backyardbullion/join
If you would like to support our channel please consider purchasing our T-shirts please visit this link:
teespring.com/en-GB/new-byb-h...
or have a look at our website:
backyardbullion.com/product-category/all-items/
Stay safe, stay healthy all.
Thanks also to the channel sponsor The Silver Forum!
thesilverforum.com/
A 4k Camera & close ups of coins! What more can you want!?
What do you think? Comment below!
Comments welcome below or email me at [email protected]
Follow me on Instagram: @ BackyardBullion
www.instagram.com/backyardbullion
Thanks for watching and I will see you next time!
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.
All Comments (21)
-
I'm old enough to remember a time when the boss paid your wage cash in a brown envelope every friday and you spent it with a business on the weekend. There was no banks sat inbetween buyer and seller skimming a 2% fee off every transaction!
-
That should scare everyone. You should not need PERMISSION to spend your own money and be penalised for your lifestyle choices.
-
My bank doesn't like me because I always empty my account at the end of the month
-
If you own physical Gold/Silver that is nobody's business but yours.
-
Buying gold while having a mortgage is not a bad thing. I see it like any other investment, such as pension.
-
Just because the banks "really want to know" doesn't mean you are lawfully obliged to tell them anything, and if they block you then you can take them to the ombudsman
-
This is both concerning and frightening. Would they question several grand spent on a new kitchen? Seems the banks really don't like the 'ordinary man' thinking outside the box as to what do with his own money !
-
Banks are sneaky! Aren't they!! It's great of you taking the time to sound the alert!👍🙏
-
I gave my daughter a £5K gift when she bought her first house. The paperwork I had to fill in was ridiculous. Including a contract from her bank that I wasn't going to make a claim of ownership of her house.
-
I used to sell mortgages for a lving and the banks do not like anything other than straight forward earned predicatable income that you have paid income tax on. Anything else does indeed freak them out.
-
Banks typically only go back 2-3 bank statements possibly 6 months for high LTV, plus 6 years credit history. if you want to borrow money its best to ease off PM for a while beforenhand .i buy most of my PM on credit card ( paid off in full each month) from a differemt provider so my bank doesnt know ehat im buying .
-
LUCKY FOR ME I HAVE ZERO DEBT.
-
Buying silver and gold for financial insurance is a must
-
Its a secure risk to tell anyone about your holdings. Just because they are the bank or an official person, dose not mean they safe or straight. You could be putting yourself at risk or in danger.
-
Hi Backyard Bullion! Another great video! Thanks! 😎
-
I paid my house off and debt free. My payments weren't bad but I don't trust the direction of the financial system with bank failures and CBDC.
-
Some good points there bro worth thinking about thank you
-
I have bought hundreds silver coins from TD Canada Trust several times but this latest time, they refuse to deliver it or allow a family member to collect even though it's paid. This is a hassle for me as I can't collect it personally. They won't even return my emails. Why bother advertising precious metals for sale if they won't deliver?
-
Very informative video, thank you for sharing.
-
It's been happening to Bitcoiners for 10+ years. I tried to buy a 1oz gold coin the other day and they wanted a face scan. I refused. £1k is an insane level of capital control!
