The best way to avoid getting screwed over by the banks is to never use the bank.
@alexanderthegr876317 күн бұрын
“They that give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety”
@JanetteEdwards-gl8jr16 күн бұрын
Agreed!
@MichiStacker8 күн бұрын
Banks here in the US are closing the accounts of “cash” businesses strictly because they are moving cash (coin shops and bullion dealers). They also claim that “under the US Patriot Act”, we must give a reason if we’re withdrawing more than $2,500 from our account. That’s why I turn my fiat currency into real money (silver and gold) every pay day.
@Seven-Seven-7717 күн бұрын
Already started happening in Australia, I went through quite ordeal recently basically being accused of money laundering, I did a video on it. Setnt my bullion dealer a question about it got nothing back , crickets, I used to spend thousands of dollars a year with that Bullion Dealer, now spend zero with them, there is no friend in bullion dealer. I now go where I want to when I want to and how I want to.
@Mantakev17 күн бұрын
I’ve been recently threatened by my bank that they will shut down both of my accounts This is because they say a single fraudulent amount was credited. That was not the case. However, that’s not the case. Keep your money as cash. Silver. Gold. Possessions. They can’t take that.
@stuartd974116 күн бұрын
How much was the fraudulent amount? Obviously don't say the exact. Is it 00 or 000s?
@gregpeterson434812 күн бұрын
Cash, Silver, Gold, Possessions: Gold has been forcibly confiscated. Cash has been systematically devalued through spending. Possessions are taxed. Silver has not been devalued, yet.... Never stand between a bureaucrat and money, they think there is no end to the good government can do if you just give them a bit more of your money.
@Mantakev12 күн бұрын
@@stuartd9741 less than £400
@virginiamontoya26858 күн бұрын
The best thing to do is get the money out of the back as soon as you can before it's too late😮
@harryzero156617 күн бұрын
The banks don't like you buying precious metals, precious metals soak up the currency in circulation.
@OVERDINNER10 күн бұрын
Neither do your stockbrokers want you to purchase physical metal. Because it cuts them out of screwing with your money.
@retonooze17 күн бұрын
Great video as always, cheers mate.
@aerial55816 күн бұрын
Well done for highlighting this banking nightmare 👍
@russellgray142616 күн бұрын
When a bank or government say it’s for your security, safety or convenience,………it’s not
@mw858017 күн бұрын
This is the reason to keep a lot of cash out of the bank hidden well at home.
@BackyardBullion17 күн бұрын
Hmm, not a lot. Some.
@monsterhuntervideos444617 күн бұрын
Better to keep all wealth outside the banking system, apart from what's needed for bills.
@monkey3912817 күн бұрын
@@monsterhuntervideos4446 Are you including brokerage accounts as part of the banking system?
@LimerickWarrior117 күн бұрын
Thank God everything is fine since the UK left the EU anyway........
@stuartd974116 күн бұрын
@@LimerickWarrior1nothing to do with it.
@noobfunky16 күн бұрын
Currency debasement is the biggest scam of all. What can your fiat currency buy you now as opposed to 5 years ago?
@OVERDINNER10 күн бұрын
It will be durable paper for pasting on your wall. It holds up pretty well to soapy water.
@abc-ye2ec2 күн бұрын
Half as much gold..... :(
@WhooshFlyingHorse44410 сағат бұрын
WHAT CAN 'WE ALL' DO ABOUT THIS ???
@Chris-uk.17 күн бұрын
that's why its digital slavery
@stuartd974116 күн бұрын
Yep but worse it to come.
@Rdott8215 күн бұрын
@@Chris-uk. if you think its bad now just wait till digital i.d is introduced.
@JACB00617 күн бұрын
Please do a video re the options of where to safely store your stack. ie safety deposit boxes, costs, insurance, keep it with the seller/dealer/Royalty Mint etc
@maciejkwiatkowski714013 күн бұрын
007A it's getting harder and harder to use cash these days. Businesses not accepting it, ATMs often not working, and banks closing their branches or reducing their working hours ☹️
@KingKonggb17 күн бұрын
BYB, just set yourself up a private trust and this way, one has better control over one's finances. Banks hate this.
@BackyardBullion17 күн бұрын
That sounds awfully complicated
@peterkavan836817 күн бұрын
You mean a living trust also known as a revocable trust? Once you have a name for your trust and spell out all the details using Article 1- however many articles you wish to document, have it notarized and file to probate court. IE Article 3 all my art, jewelry, precious metal investments and tangible property. bank accounts are trust assets. Have it notarized. Change bank accounts to the trust name.
@stuartd974116 күн бұрын
How much does it cost to set up a trust?
@alan616 күн бұрын
@@peterkavan8368 sounds complicated but v interesting
@apflewis16 күн бұрын
Santander is a pig for this. If you try to make a modest funds transfer, you go through about twenty questions before they will release the funds. You're thinking any moment now they'll send the funds, but no! Another question pops up. It's insane.
@philippayne49519 күн бұрын
It's the bank of the government, and DWP, that's why.
@Goldylocksss17 күн бұрын
With all the possible hassle of selling on E Bay and then being reported to HMRC if you go over specific threshold I think if the time ever arose to sell any of my gold I will sell it back to Chards or Atkinsons, pretty good sell back prices with no issues and will certainly make a profit on the gold purchased in 2020😊😊bad bad times coming😢
@MarionDawe7 күн бұрын
One of your better videos.....some good advice in there and it seems you are more aware than ever regarding the way things are going. You might even consider the fact that one day they may force us to sell our gold to them. Probably not but definitely maybe.
@chris-mm6oh16 күн бұрын
Keep cash keep gold
@danehud17 күн бұрын
As I understand it the money you put in the Bank is then Leveraged by the Bank. So small amounts usually ok, Large amounts gets a lot of questions.
@BackyardBullion17 күн бұрын
I have had people tell me their accounts getting blocked over payments as small as £50
@stuartd974116 күн бұрын
Banks use fractional reserve. .. This means in theory allegedly, the bank holds around - 10% of all liabilities.. .. In other words, the banks don't have the cash for everyone to withdraw their accounts all at once. .. It would crash the banks. A dnthe money in the bank belongs to the bank because you "loaned" it to them by depositing in their account....
@mikemilton437017 күн бұрын
The gold and silver in your possession is the only money you own. 😊
@unvaryingArchive16 күн бұрын
People dont understand this.. I literally tell people this and theyre just like 😶
@OVERDINNER10 күн бұрын
It's the only money. That other stuff is 'currency'. I always like to show my friends this one: Put a dollar bill next to a 20 dollar bill. What makes that twenty dollar bill worth 20x as much? Only the way it's printed, right? Now put down a gold or silver coin. To get 20x the value, you have to actually have 20 gold or silver coins to put down. You can't print precious metal.
@browpetj16 күн бұрын
That Brittania with the hood and those oriental border Brits are really cool 👍🏻
@cmoreno0527199017 күн бұрын
It is ridiculous.
@fragdad17 күн бұрын
As you know, because one of your deals I was unable to pay through Chase Bank and there were 2 other where they refused.(Atkinson for god sake)This was after they gave me the 3rd degree. I spoke to my other bank and gave the same details and they said no problem. This delay was the difference between buying at 464 and 477 per sovereign. For significant number too. (Insert rude words here)....
@georgiafan988917 күн бұрын
I wasn't expecting to like the Ragnarok coins as much as I do. I got the blackened ones and they came so pristine and had to get the gold lined ones too.
@lggsretrofinds446117 күн бұрын
will be a nightmare holds for the gold sellers and buyers
@BackyardBullion17 күн бұрын
Yep, I agree.
@Two-brothers-stacking16 күн бұрын
Hi Backyard, big thumbs up.
@monkey3912817 күн бұрын
Yeah I've noticed I have to confirm a lot of purchases via card reader nowadays which didn't used to happen much.
@EIRE2817 күн бұрын
Very helpful video
@BackyardBullion17 күн бұрын
Glad you think so!
@EIRE2816 күн бұрын
@@BackyardBullion your great mate
@stephenbishop919417 күн бұрын
007A, 007B. Another good ramble. Thanks for the info and your thoughts on the matter.
@Silverping16 күн бұрын
OM Bullion has a great vid how he’s fighting his bank
@MrHowardMoon16 күн бұрын
I'm new to buying gold and silver. Do you recommend the Royal Mint? I have been looking at their sovereigns so that I don't have to pay CGT when it comes to selling them. Sovereigns are just gold/silver stamped into a coin, right? You're paying the weight value like you would with an actual bar?
@BackyardBullion16 күн бұрын
Buy from Atkinsons Bullion, they are cheaper than The Royal Mint who are rip of merchants. Stick with Gold Coins like sovereigns, ignore the bars, they will cost you in the long run. Sovereigns every time, go to Atkinsons they are the best dealer in the UK.
@MrHowardMoon16 күн бұрын
@@BackyardBullion Do you find when it comes to selling your sovereigns, you make a profit? My ultimate goal is to put some money into something that will hold it's value for the most part and increase in value over time. When I come to sell, I'd want to have made a profit.
@BackyardBullion16 күн бұрын
Yes, you can sell your sovereigns back to Atkinsons for spot price at the moment. Gold bars will be way lower on buy back. I can't predict the future for gold, it will go up and down before you are ready to sell. But the general rule of thumb is to buy now, forget about it for 10 years then sell and be very happy with your returns.
@fivetwoeight52817 күн бұрын
Why not just buy sliver / gold bars with paper money strike coins put them into circulation And barter.
@seminumismaticguy857516 күн бұрын
I can understand when dealing with individuals to business but my mother transferred money from an fca appoved bank account in her name , address , Ni number to another fca approved bank account also in her name address NI number and they delayed that, tah6t wasnt for security that was takin the p155
@browpetj16 күн бұрын
Middle east HSBC isn't that restrictive. Guy here got the best part of 5k taken from his credit card and got the money back. Jersey HSBC is restrictive though.
@michalsladek880917 күн бұрын
Not big fan of banks - however if they got responsibility for this kind of scams it is clear they have to be more strict and decide if payment is OK or not. I do not think this kind of legislation is a good idea....
@BackyardBullion17 күн бұрын
It's a balance. They need a mechanism by which we the consumer can just accept all liability and just spend our money.
@Karl_Burton17 күн бұрын
I don't know about people being complacent, these new rules are ideal for scamming banks
@secretstacker17 күн бұрын
Great vid byb 007a and 007b shout out to the ramblers 🙌🙌
@royston235717 күн бұрын
Positives and negatives with banks I use revolut for most transactions they have a daily limit up to 20k daily not that I be anywhere near that amount 😂
@BackyardBullion17 күн бұрын
Revolut will close your account if they suspect you are selling gold and silver, it's directly against their terms and conditions
@royston235717 күн бұрын
@@BackyardBullion only if you tell them 😁🤫
@Aj-ui6jx17 күн бұрын
They are good but they have announced they are becoming a bank
@urlcool17 күн бұрын
@BackyardBullion Dam, didn't know that.
@Wasnt-115 күн бұрын
isn't it means more tax revenue for the government should it's people overspend ????
@vegassincity70215 күн бұрын
Thats why i font have a bank account, only cash baby. 😎😎😎😎
@GhileMear25017 күн бұрын
007A and 007B. It's tough. We want good fraud and money laundering protections, but like you say it's our money.
@michaelearlgrey17 күн бұрын
I, for one, support money laundering. Who the hell is the state to keep tabs on my assets?
@stuartd974116 күн бұрын
But the money in accounts belongs to the bank!!?
@GW._.17 күн бұрын
Revolut seem good
@BackyardBullion17 күн бұрын
They will close your account if they find out it's paying for or selling precious metals
@extraspicywasabi17 күн бұрын
Stable-coin Crypto has 0 restrictions and a FIAT pegged price. Its arguably safer than having it in a bank...
@mrblanc752116 күн бұрын
Crypto What happens when the internet goes down, or electricity outages? Serous question.
@extraspicywasabi16 күн бұрын
@@mrblanc7521 the internet can't go down, it's basically impossible. Mesh global network. Starlink will still operate, bomb proof data centres across the global, etc. It's also possible to do offline payments on certain ISO20022 compliant crypto. And you don't need a phone either to make any payments. The systems are all ready... It's coming so fast
@womblestacker799317 күн бұрын
Dont even tell them you have sold crypto Jesus
@BackyardBullion17 күн бұрын
Oof, yeah you are automatically a criminal then.
@SilentSacker16 күн бұрын
007A and 007B
@dleetr17 күн бұрын
Another attack on small business, that's the big picture.
@dleetr17 күн бұрын
And a reason to set up CBDC, for 'security', with trackable money.
@stuartd974116 күн бұрын
It's a financial war on the people not just business..
@dleetr16 күн бұрын
@@stuartd9741 Sure there is financial war on the people, it's an enslavement agenda and slaves aren't allowed to be financially independent, as such they are destroying independent trade and consolidating financial power under large corporations, part owned by Blackrock et al. The lockdowns, which allowed large chain stores to stay open but shut down small business, were following the same agenda. If you have tens or hundreds of thousands of small businesses. They then hire other people to work for them and they probably won't be implementing woke agendas and forcing them on staff. Political dissidents can't be blackballed from being contracted for work, because there's so many places, with differing political temperaments to apply for work at. Many small businesses instead of one superstore, means a larger middle class with independent wealth which can afford political action against the State. You see what i'm getting at now. We agree. I'm just filling in the part of the agenda which this particular bank thing is most likely aimed at. It's also about you individuals buying and selling too, of course. They want their cut, hence CBDC.
@John3249-i7o16 күн бұрын
Use your credit card setteei once a month
@silversurfer682113 күн бұрын
backyrd bullion is a closet flat earther :D
@philipbant65717 күн бұрын
I will scam myself.
@pujapete366516 күн бұрын
may start to charge you too bank
@mrblanc752116 күн бұрын
Deep wickets
@ginger838317 күн бұрын
007A &+and 008A. Yeeeeeah
@mikemilton437017 күн бұрын
007A 007B nice pieces
@shimsteriom419117 күн бұрын
007a and 007b
@yvainwalker450416 күн бұрын
007A 007B !!
@johnfitton371616 күн бұрын
Escrow
@Silverado_UK16 күн бұрын
This is why is important to own some predator asset, like bitcoin, or other cryptocurrencies (well known and liquid, not some shit coins) 😅 some of them are free to transfer. I have already acquired a full set of queens beast and exchanged one of the crypto for it. 😎
@moneysaversilver17 күн бұрын
007A 007B , now to get to my point. I like you videos, but this one was a little aggregating, why is because you showed the germania double coin constantly. I missed the other germania coin and you never went back to it. Give them all equal attention. Finally I quit watching and jet listened. That's my rant sorry.
@BackyardBullion17 күн бұрын
Ok...um, sure whatever. Very strange thing to be annoyed about....
@Aj-ui6jx17 күн бұрын
007S007B
@monkey3912817 күн бұрын
😂 I was expecting a banking rant and then it was about the coin. Got a laugh out of me anyway. 😂