Banks Are Getting Worse - Banks Will Try Even Harder To Stop You Spending YOUR Money & This Is WHY!!

[@caryphillips4885]

The best way to avoid getting screwed over by the banks is to never use the bank.

[@alexanderthegr8763]

“They that give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety”

[@JanetteEdwards-gl8jr]

Agreed!

[@MichiStacker]

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-77]

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.

[@Mantakev]

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.

[@stuartd9741]

How much was the fraudulent amount? Obviously don't say the exact. Is it 00 or 000s?

[@gregpeterson4348]

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.

[@Mantakev]

@@stuartd9741 less than £400

[@virginiamontoya2685]

The best thing to do is get the money out of the back as soon as you can before it's too late😮

[@harryzero1566]

The banks don't like you buying precious metals, precious metals soak up the currency in circulation.

[@OVERDINNER]

Neither do your stockbrokers want you to purchase physical metal. Because it cuts them out of screwing with your money.

[@retonooze]

Great video as always, cheers mate.

[@aerial558]

Well done for highlighting this banking nightmare 👍

[@russellgray1426]

When a bank or government say it’s for your security, safety or convenience,………it’s not

[@mw8580]

This is the reason to keep a lot of cash out of the bank hidden well at home.

[@BackyardBullion]

Hmm, not a lot. Some.

[@monsterhuntervideos4446]

Better to keep all wealth outside the banking system, apart from what's needed for bills.

[@monkey39128]

@@monsterhuntervideos4446 Are you including brokerage accounts as part of the banking system?

[@LimerickWarrior1]

Thank God everything is fine since the UK left the EU anyway........

[@stuartd9741]

​@@LimerickWarrior1nothing to do with it.

[@noobfunky]

Currency debasement is the biggest scam of all. What can your fiat currency buy you now as opposed to 5 years ago?

[@OVERDINNER]

It will be durable paper for pasting on your wall. It holds up pretty well to soapy water.

[@abc-ye2ec]

Half as much gold..... :(

[@WhooshFlyingHorse444]

WHAT CAN 'WE ALL' DO ABOUT THIS ???

[@Chris-uk.]

that's why its digital slavery

[@stuartd9741]

Yep but worse it to come.

[@Rdott82]

@@Chris-uk. if you think its bad now just wait till digital i.d is introduced.

[@JACB006]

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

[@maciejkwiatkowski7140]

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 ☹️

[@KingKonggb]

BYB, just set yourself up a private trust and this way, one has better control over one's finances. Banks hate this.

[@BackyardBullion]

That sounds awfully complicated

[@peterkavan8368]

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.

[@stuartd9741]

How much does it cost to set up a trust?

[@alan6]

@@peterkavan8368 sounds complicated but v interesting

[@apflewis]

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.

[@philippayne4951]

It's the bank of the government, and DWP, that's why.

[@Goldylocksss]

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😢

[@MarionDawe]

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-mm6oh]

Keep cash keep gold

[@danehud]

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.

[@BackyardBullion]

I have had people tell me their accounts getting blocked over payments as small as £50

[@stuartd9741]

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....

[@mikemilton4370]

The gold and silver in your possession is the only money you own. 😊

[@unvaryingArchive]

People dont understand this.. I literally tell people this and theyre just like 😶

[@OVERDINNER]

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.

[@browpetj]

That Brittania with the hood and those oriental border Brits are really cool 👍🏻

[@cmoreno05271990]

It is ridiculous.

[@fragdad]

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)....

[@georgiafan9889]

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.

[@lggsretrofinds4461]

will be a nightmare holds for the gold sellers and buyers

[@BackyardBullion]

Yep, I agree.

[@Two-brothers-stacking]

Hi Backyard, big thumbs up.

[@monkey39128]

Yeah I've noticed I have to confirm a lot of purchases via card reader nowadays which didn't used to happen much.

[@EIRE28]

Very helpful video

[@BackyardBullion]

Glad you think so!

[@EIRE28]

@@BackyardBullion your great mate

[@stephenbishop9194]

007A, 007B. Another good ramble. Thanks for the info and your thoughts on the matter.

[@Silverping]

OM Bullion has a great vid how he’s fighting his bank

[@MrHowardMoon]

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?

[@BackyardBullion]

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.

[@MrHowardMoon]

@@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.

[@BackyardBullion]

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.

[@fivetwoeight528]

Why not just buy sliver / gold bars with paper money strike coins put them into circulation And barter.

[@seminumismaticguy8575]

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

[@browpetj]

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.

[@michalsladek8809]

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....

[@BackyardBullion]

It's a balance. They need a mechanism by which we the consumer can just accept all liability and just spend our money.

[@Karl_Burton]

I don't know about people being complacent, these new rules are ideal for scamming banks

[@secretstacker]

Great vid byb 007a and 007b shout out to the ramblers 🙌🙌

[@royston2357]

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 😂

[@BackyardBullion]

Revolut will close your account if they suspect you are selling gold and silver, it's directly against their terms and conditions

[@royston2357]

@@BackyardBullion only if you tell them 😁🤫

[@Aj-ui6jx]

They are good but they have announced they are becoming a bank

[@urlcool]

​@BackyardBullion Dam, didn't know that.

[@Wasnt-1]

isn't it means more tax revenue for the government should it's people overspend ????

[@vegassincity702]

Thats why i font have a bank account, only cash baby. 😎😎😎😎

[@GhileMear250]

007A and 007B. It's tough. We want good fraud and money laundering protections, but like you say it's our money.

[@michaelearlgrey]

I, for one, support money laundering. Who the hell is the state to keep tabs on my assets?

[@stuartd9741]

But the money in accounts belongs to the bank!!?

[@GW._.]

Revolut seem good

[@BackyardBullion]

They will close your account if they find out it's paying for or selling precious metals

[@extraspicywasabi]

Stable-coin Crypto has 0 restrictions and a FIAT pegged price. Its arguably safer than having it in a bank...

[@mrblanc7521]

Crypto What happens when the internet goes down, or electricity outages? Serous question.

[@extraspicywasabi]

@@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

[@womblestacker7993]

Dont even tell them you have sold crypto Jesus

[@BackyardBullion]

Oof, yeah you are automatically a criminal then.

[@SilentSacker]

007A and 007B

[@dleetr]

Another attack on small business, that's the big picture.

[@dleetr]

And a reason to set up CBDC, for 'security', with trackable money.

[@stuartd9741]

It's a financial war on the people not just business..

[@dleetr]

@@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-i7o]

Use your credit card setteei once a month

[@silversurfer6821]

backyrd bullion is a closet flat earther :D

[@philipbant657]

I will scam myself.

[@pujapete3665]

may start to charge you too bank

[@mrblanc7521]

Deep wickets

[@ginger8383]

007A &+and 008A. Yeeeeeah

[@mikemilton4370]

007A 007B nice pieces

[@shimsteriom4191]

007a and 007b

[@yvainwalker4504]

007A 007B !!

[@johnfitton3716]

Escrow

[@Silverado_UK]

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. 😎

[@moneysaversilver]

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.

[@BackyardBullion]

Ok...um, sure whatever. Very strange thing to be annoyed about....

[@Aj-ui6jx]

007S007B

[@monkey39128]

😂 I was expecting a banking rant and then it was about the coin. Got a laugh out of me anyway. 😂

[@acaldwell4327]

007A 007B

[@royston2357]

007a 007b 😊

[@BackyardBullion]

Super extra cool kids club alert!

[@bullionaddict9164]

007A. 007B

[@tompa.s]

0007A 007B

[@philipbant657]

007a - 007b

[@adamthomas3487]

007007B