My Bank Will NOT Let Me Buy Gold & Silver and I am NOT HAPPY about it!
ฝัง
- เผยแพร่เมื่อ 23 ก.ค. 2024
- #Gold #silver #bank
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.
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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. - บันเทิง
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The banks aren't protecting customers, they are protecting themselves
100% correct
controlling behaviour by banks, time to take the power off them
The other problem, of course, is that the minute you put money in the bank, it becomes their property. You're just a creditor, it's not actually "your" money anymore. A lot of people are oblivious to this because it isn't normally an issue.
Yeah, you are not wrong!
@misterchippie, you’re 100% correct, the hoops I had to jump through to take a number of thousands out of my current account was unbelievable, I got it eventually and I had to wait a week or two and make appointments to take it out, I keep the balances relatively low now.
@@rory7511 I took my money out of the bank using the hole in the wall and withdrawing £500 a day after I got a hard time trying to get it out from staff inside the bank.
Exactly which leads to a terrible outcome if your bank was to ever go under your money is used to bail them out. The fscs protection of £85,000 is also a seperate entity from banks and government and it is underfunded so would collapse if needed anyway.
I agree with what you are saying. I always keep an amount of cash out of the banking system for the reason BYB has suffered crom. I also have multiple a count with minimal money in them as ‘spare’ accounts.
"I believe that banking institutions are more dangerous to our liberties than standing armies" - Thomas Jefferson
nothing like a 250+ year out of date metaphour
“while details change, circumstances change, settings change, names change, similar events will essentially recycle”
@@BackyardBullion This isn't a metaphor. Rather a statement of belief.
Since people such as myself and many others share this same belief today then it clearly isn't out of date Sir. I have been enjoying your TH-cam content for years so I must ask you to try to think outside of the box, try to understand things from different perspectives.
@@BackyardBullion find some time to really study all the political issues of the day, and things will begin to appear very different than they currently seem.
Discuss them openly on the channel afterwards, and very soon you'll begin to appreciate the quote, and how relevant it is today!
ALL fiat currency is debt, that's the only way the Fed makes it, whether through government bondage note, or private bank loans.
Bankers have developed four practices that
are unsustainable and catastrophic.
If we dont understand the causes of a problem we will address the symptoms or actors, not the causes.
1st. Large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, at interest.
An increasing population needs an increase in currency, but it is ALL created as a debt to the Central Bank, bearing interest.
This indebts the whole world, every person, every government, in totally unpayable debts, ( because where can the interest come from) enslaving us all to bankers through personal debt or ever increasing oppressive and unjust taxation, permits, licences, registrations, regulations, rates, duties, fees, fines, levies, surcharges, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.)
2nd. Because of the first fault, (wherein a Central bank has the Exclusive franchise to create ALL new money,) and they attach interest to it, (which they do not create) they must continually create more currency to pay the interest on the last round of debts and to resupply liquidity as debt repayments suck the currency they created out of the national economy.
The volumes of the booms and busts are totally unnatural and the economy should follow population growth.
Inflation, (or rather, devaluation through deliberate currency oversupply,) is intentional and destructive to all but the rich. There is virtually no limitation on fiat currency creation.
Adding to this is fractional reserve banking wherein private banks effectively create massive new Currency volumes, (but its onky temporary because it's all debt) blowing bubbles (in housing/CRE/stocks) which devalues everyone's savings, work, 401k & pension, by raising all prices.
We call this inflation, but it's really devaluation of your savings, time, work.
Shrinkflation further adds to our reduction and desolation.
(Did you know the only time our society gets some real new Currency ? It's when someone goes bankrupt and can't repay the banks what they borrowed. )
The fix ? The first step is to end Central Banks and return to Sound Metalic Money.
This will slow the rate of currency creation and make it much more difficult to devalue our wages and savings by currency 'printing.'
The 2nd step would be to legislate that banks publish their reserve ratio. So if they have $100 million on their books in deposits, and $50 million in loans, that's a 50% reserve ratio. We could legislate a reserve ratio, and by openly publishing this people can choose the risk level they are willing to take.
This will change banking and we need to change banking, because it is destructive. The banks wont be able to make as much, and that's a good thing.
We need to make money anything the people want, but legal tender must meet Metalic standards under the office of weights and measures, and national and state treasury departments and mints could produce and release real intrinsic value Money.
This will not create inflation like some bankers/economists would have you think.
It is not who creates currency that drives the Constant devaluation of your work & money, it is THE VOLUME per population/ productivity.
The banks increased the base currency supply by over 65 % since March 2020 & 300% since 2008. This was multiplied as deposits were rolled back into cheap real estate loans creating bubbles, which further lever up equity to back more loans.
You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by a similar % as it enters the economy ?
3rd problem. Fiat currency whether paper OR DIGITAL has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. Taxation and the 'legal' currency label attached to fiat creates artificial demand for fiat currency.
The fix ?
Return to Silver, Gold, Copper & Nickle currency, designated by weight, not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against bankers counterfeiting. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep government mints honest.
Do not allow bankers and economists of the current system to con you into believing there isn't enough Metalic Money. You float its value, mint it by grams and ounces and you have a Gold and Silver backed currency. Same with Copper & Nickle. Mint 10th ounce, 2 10ths, 5 10ths and 1 ounce and grams in 1 grams, 2 grams, 5 & 10 grams. Never give it a 'value number,' which is a lie. Give it its weight & purity, and let the market decide what it will buy. Call it 'slow money," like 'slow food.' It's slower for sure, but it's 10 times better for you.
Probably necessary to nationalise mines & pay shareholders out in metals. We are aiming at a more just, more perfect union, and that requires we treat shareholders justly and make them whole while preserving a mining and exploration industry. So gently, thoughtfully, carefully on this one.
4th. The 'World Bank' and IMF are your friendly international arms of the Federal Reserve, who loan worthless US currency invented at zero cost to enslaved nations of people to purchase necessities, when their own commodities or worthless currency would do just as well. This ensures the indebtedness of nation's simply to survive.
Correct these 4 Principles and >80 % of a nation's problems would disappear.
Do not allow your masters the Debt slave creator's to tell you it can't be done. They are not seeking your best interests, but theirs. It is easily done.
Beware. The FED, IMF, WEF wants you totally enslaved with Digital currency. Convert your garbage fiat currency into Gold and Silver or prepare for destruction.
Come to think of it, you better prepare for destruction anyway, because humans are animals and always learn the hard way.
The bankers motto is : 'Preserve your Capital at all costs.' The bankers are buying Gold. We the people can afford Silver.
Good luck.
Leave your bank immediately, vote with your feet. As long as it is legitimate, no bank has the right to tell you what you can and cant spend your money on. Starling did it to me recently and that for me is a red line!
Fair enough, not that easy when you business bank with them too
@@BackyardBullionlame reason. Move the business account too.
Who are you to tell me what is lame or not. Get lost.
This is what will happen once a CBDC is fully implemented. If “they” don’t agree with a purchase you’d like to make, you will not be allowed to spend your money.
No, I disagree with you.
@@BackyardBullion- you always come down hard on the “crazy conspiracy theorists”, but you’ve just had a good hard dose of their crazy ideas… and you still deny it.
@@BackyardBullion You don't think the government will restrict the use of currency, for people they don't like ? Do you know what happened in Canada, with the people who supported the truckers ?
@@BackyardBullionYou disagree, yet you were stopped from buying what you wanted. Only a matter of time before banks do control what you can and can't buy. That is one of the Great Reset agendas. You're dealing with conspiracy facts. Powerful people have agendas for us little people whther you like to acknowledge it or not.
This has nothing to do with CBDC. This is incopetency. Plain and simple.
I had a savings account with 16k in saved up and when 2020 hit and the craziness started i took the lot out and bought gold and silver with it. Dont regret it one bit. I would have probably dipped in to it by now anyway and having it in metal has stopped me doing that.
A wise move!
smart 👍
Well done.
ALL fiat currency is debt, that's the only way the Fed makes it, whether through government bondage note, or private bank loans.
Bankers have developed four practices that
are unsustainable and catastrophic.
If we dont understand the causes of a problem we will address the symptoms or actors, not the causes.
1st. Large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, at interest.
An increasing population needs an increase in currency, but it is ALL created as a debt to the Central Bank, bearing interest.
This indebts the whole world, every person, every government, in totally unpayable debts, ( because where can the interest come from) enslaving us all to bankers through personal debt or ever increasing oppressive and unjust taxation, permits, licences, registrations, regulations, rates, duties, fees, fines, levies, surcharges, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.)
2nd. Because of the first fault, (wherein a Central bank has the Exclusive franchise to create ALL new money,) and they attach interest to it, (which they do not create) they must continually create more currency to pay the interest on the last round of debts and to resupply liquidity as debt repayments suck the currency they created out of the national economy.
The volumes of the booms and busts are totally unnatural and the economy should follow population growth.
Inflation, (or rather, devaluation through deliberate currency oversupply,) is intentional and destructive to all but the rich. There is virtually no limitation on fiat currency creation.
Adding to this is fractional reserve banking wherein private banks effectively create massive new Currency volumes, (but its onky temporary because it's all debt) blowing bubbles (in housing/CRE/stocks) which devalues everyone's savings, work, 401k & pension, by raising all prices.
We call this inflation, but it's really devaluation of your savings, time, work.
Shrinkflation further adds to our reduction and desolation.
(Did you know the only time our society gets some real new Currency ? It's when someone goes bankrupt and can't repay the banks what they borrowed. )
The fix ? The first step is to end Central Banks and return to Sound Metalic Money.
This will slow the rate of currency creation and make it much more difficult to devalue our wages and savings by currency 'printing.'
The 2nd step would be to legislate that banks publish their reserve ratio. So if they have $100 million on their books in deposits, and $50 million in loans, that's a 50% reserve ratio. We could legislate a reserve ratio, and by openly publishing this people can choose the risk level they are willing to take.
This will change banking and we need to change banking, because it is destructive. The banks wont be able to make as much, and that's a good thing.
We need to make money anything the people want, but legal tender must meet Metalic standards under the office of weights and measures, and national and state treasury departments and mints could produce and release real intrinsic value Money.
This will not create inflation like some bankers/economists would have you think.
It is not who creates currency that drives the Constant devaluation of your work & money, it is THE VOLUME per population/ productivity.
The banks increased the base currency supply by over 65 % since March 2020 & 300% since 2008. This was multiplied as deposits were rolled back into cheap real estate loans creating bubbles, which further lever up equity to back more loans.
You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by a similar % as it enters the economy ?
3rd problem. Fiat currency whether paper OR DIGITAL has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. Taxation and the 'legal' currency label attached to fiat creates artificial demand for fiat currency.
The fix ?
Return to Silver, Gold, Copper & Nickle currency, designated by weight, not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against bankers counterfeiting. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep government mints honest.
Do not allow bankers and economists of the current system to con you into believing there isn't enough Metalic Money. You float its value, mint it by grams and ounces and you have a Gold and Silver backed currency. Same with Copper & Nickle. Mint 10th ounce, 2 10ths, 5 10ths and 1 ounce and grams in 1 grams, 2 grams, 5 & 10 grams. Never give it a 'value number,' which is a lie. Give it its weight & purity, and let the market decide what it will buy. Call it 'slow money," like 'slow food.' It's slower for sure, but it's 10 times better for you.
Probably necessary to nationalise mines & pay shareholders out in metals. We are aiming at a more just, more perfect union, and that requires we treat shareholders justly and make them whole while preserving a mining and exploration industry. So gently, thoughtfully, carefully on this one.
4th. The 'World Bank' and IMF are your friendly international arms of the Federal Reserve, who loan worthless US currency invented at zero cost to enslaved nations of people to purchase necessities, when their own commodities or worthless currency would do just as well. This ensures the indebtedness of nation's simply to survive.
Correct these 4 Principles and >80 % of a nation's problems would disappear.
Do not allow your masters the Debt slave creator's to tell you it can't be done. They are not seeking your best interests, but theirs. It is easily done.
Beware. The FED, IMF, WEF wants you totally enslaved with Digital currency. Convert your garbage fiat currency into Gold and Silver or prepare for destruction.
Come to think of it, you better prepare for destruction anyway, because humans are animals and always learn the hard way.
The bankers motto is : 'Preserve your Capital at all costs.' The bankers are buying Gold. We the people can afford Silver.
Good luck.
Personally I'd close that bank account and tell them it's 100% there fault for acting like money Nazi's
Yep, could be the way I go
@@BackyardBullion to be fair it's a savage blow to the confidence in the establishment that's meant to be the most trustworthy and saying this I'm sure this isn't the first time this has happened to you while trying to make a purchase from the royal mint
That's what I did. I had to replace the power supply on my computer. It was only $125 on Amazon. My bank card with a Mastercard logo got decline twice. Went to my bank. They claimed they fixed it. But it got declined again. So I switched banks to one with a Visa logo on their bank card. After switching banks Amazon has been working fine.
ALL fiat currency is debt, that's the only way the Fed makes it, whether through government bondage note, or private bank loans.
Bankers have developed four practices that
are unsustainable and catastrophic.
If we dont understand the causes of a problem we will address the symptoms or actors, not the causes.
1st. Large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, at interest.
An increasing population needs an increase in currency, but it is ALL created as a debt to the Central Bank, bearing interest.
This indebts the whole world, every person, every government, in totally unpayable debts, ( because where can the interest come from) enslaving us all to bankers through personal debt or ever increasing oppressive and unjust taxation, permits, licences, registrations, regulations, rates, duties, fees, fines, levies, surcharges, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.)
2nd. Because of the first fault, (wherein a Central bank has the Exclusive franchise to create ALL new money,) and they attach interest to it, (which they do not create) they must continually create more currency to pay the interest on the last round of debts and to resupply liquidity as debt repayments suck the currency they created out of the national economy.
The volumes of the booms and busts are totally unnatural and the economy should follow population growth.
Inflation, (or rather, devaluation through deliberate currency oversupply,) is intentional and destructive to all but the rich. There is virtually no limitation on fiat currency creation.
Adding to this is fractional reserve banking wherein private banks effectively create massive new Currency volumes, (but its onky temporary because it's all debt) blowing bubbles (in housing/CRE/stocks) which devalues everyone's savings, work, 401k & pension, by raising all prices.
We call this inflation, but it's really devaluation of your savings, time, work.
Shrinkflation further adds to our reduction and desolation.
(Did you know the only time our society gets some real new Currency ? It's when someone goes bankrupt and can't repay the banks what they borrowed. )
The fix ? The first step is to end Central Banks and return to Sound Metalic Money.
This will slow the rate of currency creation and make it much more difficult to devalue our wages and savings by currency 'printing.'
The 2nd step would be to legislate that banks publish their reserve ratio. So if they have $100 million on their books in deposits, and $50 million in loans, that's a 50% reserve ratio. We could legislate a reserve ratio, and by openly publishing this people can choose the risk level they are willing to take.
This will change banking and we need to change banking, because it is destructive. The banks wont be able to make as much, and that's a good thing.
We need to make money anything the people want, but legal tender must meet Metalic standards under the office of weights and measures, and national and state treasury departments and mints could produce and release real intrinsic value Money.
This will not create inflation like some bankers/economists would have you think.
It is not who creates currency that drives the Constant devaluation of your work & money, it is THE VOLUME per population/ productivity.
The banks increased the base currency supply by over 65 % since March 2020 & 300% since 2008. This was multiplied as deposits were rolled back into cheap real estate loans creating bubbles, which further lever up equity to back more loans.
You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by a similar % as it enters the economy ?
3rd problem. Fiat currency whether paper OR DIGITAL has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. Taxation and the 'legal' currency label attached to fiat creates artificial demand for fiat currency.
The fix ?
Return to Silver, Gold, Copper & Nickle currency, designated by weight, not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against bankers counterfeiting. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep government mints honest.
Do not allow bankers and economists of the current system to con you into believing there isn't enough Metalic Money. You float its value, mint it by grams and ounces and you have a Gold and Silver backed currency. Same with Copper & Nickle. Mint 10th ounce, 2 10ths, 5 10ths and 1 ounce and grams in 1 grams, 2 grams, 5 & 10 grams. Never give it a 'value number,' which is a lie. Give it its weight & purity, and let the market decide what it will buy. Call it 'slow money," like 'slow food.' It's slower for sure, but it's 10 times better for you.
Probably necessary to nationalise mines & pay shareholders out in metals. We are aiming at a more just, more perfect union, and that requires we treat shareholders justly and make them whole while preserving a mining and exploration industry. So gently, thoughtfully, carefully on this one.
4th. The 'World Bank' and IMF are your friendly international arms of the Federal Reserve, who loan worthless US currency invented at zero cost to enslaved nations of people to purchase necessities, when their own commodities or worthless currency would do just as well. This ensures the indebtedness of nation's simply to survive.
Correct these 4 Principles and >80 % of a nation's problems would disappear.
Do not allow your masters the Debt slave creator's to tell you it can't be done. They are not seeking your best interests, but theirs. It is easily done.
Beware. The FED, IMF, WEF wants you totally enslaved with Digital currency. Convert your garbage fiat currency into Gold and Silver or prepare for destruction.
Come to think of it, you better prepare for destruction anyway, because humans are animals and always learn the hard way.
The bankers motto is : 'Preserve your Capital at all costs.' The bankers are buying Gold. We the people can afford Silver.
Good luck.
No soup for you
Struggles with the British banking system have been in the news quite a bit recently… and while I think this could potentially happen in any country, it seems to be happening quite a lot in the UK.
Yeah, probably!
Same in France, and cash may be refused in some shops (because they have no cash aswell)
@@Arbredelaforet What shops? The immigrants have burned them all down.
ALL fiat currency is debt, that's the only way the Fed makes it, whether through government bondage note, or private bank loans.
Bankers have developed four practices that
are unsustainable and catastrophic.
If we dont understand the causes of a problem we will address the symptoms or actors, not the causes.
1st. Large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, at interest.
An increasing population needs an increase in currency, but it is ALL created as a debt to the Central Bank, bearing interest.
This indebts the whole world, every person, every government, in totally unpayable debts, ( because where can the interest come from) enslaving us all to bankers through personal debt or ever increasing oppressive and unjust taxation, permits, licences, registrations, regulations, rates, duties, fees, fines, levies, surcharges, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.)
2nd. Because of the first fault, (wherein a Central bank has the Exclusive franchise to create ALL new money,) and they attach interest to it, (which they do not create) they must continually create more currency to pay the interest on the last round of debts and to resupply liquidity as debt repayments suck the currency they created out of the national economy.
The volumes of the booms and busts are totally unnatural and the economy should follow population growth.
Inflation, (or rather, devaluation through deliberate currency oversupply,) is intentional and destructive to all but the rich. There is virtually no limitation on fiat currency creation.
Adding to this is fractional reserve banking wherein private banks effectively create massive new Currency volumes, (but its onky temporary because it's all debt) blowing bubbles (in housing/CRE/stocks) which devalues everyone's savings, work, 401k & pension, by raising all prices.
We call this inflation, but it's really devaluation of your savings, time, work.
Shrinkflation further adds to our reduction and desolation.
(Did you know the only time our society gets some real new Currency ? It's when someone goes bankrupt and can't repay the banks what they borrowed. )
The fix ? The first step is to end Central Banks and return to Sound Metalic Money.
This will slow the rate of currency creation and make it much more difficult to devalue our wages and savings by currency 'printing.'
The 2nd step would be to legislate that banks publish their reserve ratio. So if they have $100 million on their books in deposits, and $50 million in loans, that's a 50% reserve ratio. We could legislate a reserve ratio, and by openly publishing this people can choose the risk level they are willing to take.
This will change banking and we need to change banking, because it is destructive. The banks wont be able to make as much, and that's a good thing.
We need to make money anything the people want, but legal tender must meet Metalic standards under the office of weights and measures, and national and state treasury departments and mints could produce and release real intrinsic value Money.
This will not create inflation like some bankers/economists would have you think.
It is not who creates currency that drives the Constant devaluation of your work & money, it is THE VOLUME per population/ productivity.
The banks increased the base currency supply by over 65 % since March 2020 & 300% since 2008. This was multiplied as deposits were rolled back into cheap real estate loans creating bubbles, which further lever up equity to back more loans.
You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by a similar % as it enters the economy ?
3rd problem. Fiat currency whether paper OR DIGITAL has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. Taxation and the 'legal' currency label attached to fiat creates artificial demand for fiat currency.
The fix ?
Return to Silver, Gold, Copper & Nickle currency, designated by weight, not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against bankers counterfeiting. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep government mints honest.
Do not allow bankers and economists of the current system to con you into believing there isn't enough Metalic Money. You float its value, mint it by grams and ounces and you have a Gold and Silver backed currency. Same with Copper & Nickle. Mint 10th ounce, 2 10ths, 5 10ths and 1 ounce and grams in 1 grams, 2 grams, 5 & 10 grams. Never give it a 'value number,' which is a lie. Give it its weight & purity, and let the market decide what it will buy. Call it 'slow money," like 'slow food.' It's slower for sure, but it's 10 times better for you.
Probably necessary to nationalise mines & pay shareholders out in metals. We are aiming at a more just, more perfect union, and that requires we treat shareholders justly and make them whole while preserving a mining and exploration industry. So gently, thoughtfully, carefully on this one.
4th. The 'World Bank' and IMF are your friendly international arms of the Federal Reserve, who loan worthless US currency invented at zero cost to enslaved nations of people to purchase necessities, when their own commodities or worthless currency would do just as well. This ensures the indebtedness of nation's simply to survive.
Correct these 4 Principles and >80 % of a nation's problems would disappear.
Do not allow your masters the Debt slave creator's to tell you it can't be done. They are not seeking your best interests, but theirs. It is easily done.
Beware. The FED, IMF, WEF wants you totally enslaved with Digital currency. Convert your garbage fiat currency into Gold and Silver or prepare for destruction.
Come to think of it, you better prepare for destruction anyway, because humans are animals and always learn the hard way.
The bankers motto is : 'Preserve your Capital at all costs.' The bankers are buying Gold. We the people can afford Silver.
Good luck.
Same in Australia. Similar experiences where the banks are selling it as protective measures when in fact, they're just being nosey and trying to keep your money in their coffers
I'm a Texan, and I am economically fighting my US fiat system by working closely with like-minded people who take physical gold and silver for transaction of their products and/or services. It is the alternate economic system.
Good luck with that - but its not going to work!
It may be unwise to freely barter with metals when their true value most likely is not realized at this moment. Best to accumulate metals instead and use the funnymoney while you can
@@ccproductions999your talking to a maga mouth breather with a blood drinking cross profile pic.
@@ccproductions999 Practice makes perfect. The more people do it, the better off we all will be. I too save for a rainy day, but I am building the new alternative economic system one purchase at a time, regardless of the market is doing.
@@BackyardBullion It is working for me, at least, in a step-wise fashion. Transition takes time. Trust takes time.
I keep almost nothing in the bank, its all elsewhere. I also accept gold or silver for my services rendered. I'm a mechanic and I've been paid in sovereigns, no doubt handed down from granny, on several occasions.
Fair enough!
I hope you paid income tax and VAT😊
The simplest explanation your bank won’t let you buy precious metals might be they don’t want competition driving up already artificially depressed prices.
No, the simplest explanation is they are incompetent.
I live in Hawaii and anytime I buy something big with my major credit card they will deny the transaction and I will have to call them because it gets flagged as fraudulent. They always think someone stole my card and flew to Hawaii. YES! People do live here. It not just tourists!
I have found the best alternative is to just be poor. I've never had any issues with spending the money I don't have.
Lol
"Gold is money everything else is credit", JPMorgan
Yes, I agree
It's important that you brought this to us in the manner that you did, as you have triggered a question: Is this an A.I. outcome, or a warning that giving A.I. control could find lots of these 'glitches' in the future; near or far.
365 also brought this up and pointed to this video.
This requires more penetrating investigation.
No idea on the future.
The worst I had was when I took my three young daughters to Italy. I stuck my card in a cashpoint for a few hundred euros but it didn't oblige. The bank security policy or algorithm thought a summer holiday in anywhere other than 'blighty' constituted irregular activity. Fortunately, I was able to persuade them, and the kids didn't go hungry that night!
Oof, that really sucks
It's honestly surprising that the person on the phone Had no way to manually approve the transaction upon review. It is quite scary that they rely on the algorithm That much
Yes, that is what annoyed me most
Yep! Soon technology will no longer be serving us, but rather we're be serving the technology. Just about all the information you see on the web is controlled by algorithms so that we're conditioned to only see things a certain way.
I kept cash for ages myself, I tried to pay in a few shops in my town they said no. I'm having to try and use it up asap....it's ridiculous. This is happening at an exceeding pace. It's very worrying.
Thanks for sharing your thoughts!
This is a tiny peek at what's to come. The roll out of CBDC's isn't far away. Cash will likely no longer be legal tender.
In Australia we are having a “use cash only week”….don’t believe many are aware though; people like the convenience of the card until, it becomes inconvenient.
@@darylroughley2807 Do you mean for a week you will only be able to use cash? that would not happen hear in England. I would be amazed if that happens in Oz
Gen Z is adopting cash as easier to manage with a low budget, I've read. I have hope for them, that's _common sense_ !!
Sorry you had to deal with this. We are going to see a lot more of this, especially as we are forced to go with CBDC.
This is incompetence rather than anything more sinister.
@@BackyardBullion I would agree either bad fraud detection or something it didn't like. Just think if they wanted to stop certain transactions it would be too easy. Do you think they are making it difficult to keep more money in their system hoping you use other means instead of taking it from their system.
That is ridiculous and yet there really is not much we can do about it. Its getting worse every day
Banks are doing this more and more, have had a few similar problems, even a week ago I had one card denied multiple times at the RM but made payment with another from the same bank and linked account 5 mins later.
No amount of complaints seems to make a difference or get attention. My bank actually offered me a cash retainer to stay after I walked in and asked what would be effected if I shut certain accounts. Would rather pay to keep you than just give you decent service and less restrictive access to your money.
Thanks for sharing your thoughts.
The day the bank tells me what I can and can't do with my own money if I am not in arrears with them, is the day I move institutions. I have moved institutions for a lot less.
Fair enough.
Great rant, thanks 👍
Nice selections of coins.
Thanks!
I love this channel. Thanks for highlighting this; it’s absolutely ridiculous.
My pleasure!
Seriously this is a bigger story and should put the fear into anyone for what the future holds.
It is just incompetence, nothing more!
@@BackyardBullion I truly hope so
I have had this exact problem with Barclays, when buying protein powder online.
I have had to go through the fraud teams a few times with what felt very much like interagations on my spending.
I do agree this is incompetence as opposed to anything malicious.
At the moment, politicaly active people need to worry about being denied banking access as opposed to the rest of us who may not stand out much.
Thanks for not being a conspiracy theorist. So many of them in the comments today.
@martync7436 "I do agree this is incompetence as opposed to anything malicious. "
They could simply be conditioning you to accept, that they know better how you should spend your money than you do.
@@BackyardBullion The so-called ‘conspiracy theorists’ you talk about probably make up a large proportion of your subscribers! History proves that there has always been a lot of instability in the world and that often political leaders and institutions make decisions that are detrimental to their citizens. I feel a degree of cynicism is not a bad thing although in your bank’s case it does seem like incompetence that led to this rather than anything more sinister.
@@apflewis I think they're at worst just protecting themselves from having to cover fraud and all the insurance costs. I have had my card frozen just from simply trying to spend a thew hundred £££ online. It does not take much for banks to deny transaction simply because their system flags it.
JUST SUBSCRIBED! AWESOME CHANNEL
Thankyou for posting this. We need to spread the word and get people to wake up. This is an alarming trend. Here is the State we have 12 or so states that formally recognize gold and silver as legal tender for all debts public and private. More state are reviewing doing the same.
Sometimes here in the us there is a 24hr hold on a particular card with a particular vendor regardless if it’s manually cleared or not.
That sounds like what happened here.
I've had the same thing with my main bank. So I transferred money þo another bank and ran into the same issue. So that's now 2 banks stopping me from buying. And like you, I had even been through the added security measures.
That sucks, sorry!
When I am doing a money transfer from my bank to the Bullion house I deal with, I never write in what I am purchasing. I only write the order number as I have no desire to raise any red flags. But I am aware that he time is coming where all of us world wide will not be allowed to purchase Gold or Silver. I have an insider who has informed me of this fact, and it was He that encouraged me to start purchasing Silver back in 2019. Of which I a forever grateful as I have never had the discipline to save money, now however I have saving in PM's, and the bank can't get their grubby fingers onto it.
Thanks for sharing your thoughts!
I suppose you just have to vote with your money and don’t do business with institutions that mistreat you.
Yes indeed
This is crap news! Barclay's froze my two bank abouts for nearly 6 weeks then gave me a bankers check and close my account. This happened because I wanted to make a large cash withdrawal. They didn't care that I had to borrow money to see me through the 6 weeks 😡 I now have opened several other accounts to give me half a chance if this happens again. PS I had that account for over 30 years
That is shocking!
@@BackyardBullion it's just the start for many BYB
I called my bank and let them know when we went on vacation. I didn’t want them refusing my bank card because we were out of town.
A wise idea, did it work?
@@BackyardBullion yes, no problem
I have done the same in the past, and bank would put a note on computer, but last two times i have phoned the bank now say its ok if you just use your pin, no notes on computer.
Thanks for sharing
Thanks for watching!
This is only the beginning!
I think so!
If you think it's difficult to spend your own money now, wait until everything is CBDC.
Will be much easier then
@@BackyardBullion You must be a shill for the WEF !!!
Yes, I must be a shill for the WEF. You got me. Wow. Idiot.
Exactly! That's why it's being implemented. It's to have complete control over our finances. This control will happen little by little, not all at once. These agendas worm their way in very slowly so that people don't revolt to slow and gradual changes, or don't notice at all, and eventually see the changes as normal and acceptable. The level of control that's being implemented is being done slowly through generational social engineering.
@@BackyardBullion after reading your responses lately I don't understand why people bother with your channel other than a good name it's all you got. I encourage people to find a better channel plenty out there. Unsubscibed!
Thanks for sharing 🙏
Thanks for visiting!
Their mistake can possibly cost you a lot more money.
They " should " be liable for the difference ( damages)..
Maybe, but they wont
@@BackyardBullion
I know,, but if they could be held responsible, they may not be so quick to punish their customers.
You should always ask to speak to a manager of a manager when on the phone, to any help line.
Banks systems are funny, they never once blocked my account when traveling across war zones (volunteer work) in Africa.
However blocked my card every time I've been to Switzerland, despite me telling them in advance the days & times I would be in Switzerland.
Thanks for sharing your thoughts!
You have to tell your BANK that you are going abroad, where you go and when???! I don't understand...why is that any of their business?
And are they going to record that somewhere or what? What about your privacy? It sounds like they think they're your Mother...
One of the things that annoys me and scares me is Algorithm seems like can override humans when comes to businesses with your money, i moved 1k from one bank to another bank that only had 61 pounds in that then makes 1061 pounds in 2nd bank, next day i tried to move that 1k back from 2nd bank to the first bank but 2n bank say no i cannot send 1K because i have reached my limit, even though its my cash it said no so i tried to send 500 pounds and it worked and then i sent another 500 the next day which also worked. I would put this down to Algorithm. Also when i have walked in to bullion companies to make purchases they would only take so much cash off me per year in person i think from April to April they say its government rules.
That sucks a lot.
@@BackyardBullion I try my utmost to do things in cash and a genuine receipt.
Another great video. Again, I ramble 😃
Thanks for being a rambler!
Had this exact same issue with the same mint but different bank the same week you posted this video. I also called the bank and was on the phone trying to clear the transaction and they would keep declining the purchase. They had me do every frustrating step you mentioned in the video just to not have any explanation why they continued to block my transaction. I had to ultimately use another bank to complete my purchase. Not pointing to any conspiracy but its certainly odd.
Not only is it unfair but some purchases are time limited due to popukarity. If your transaction fails you may miss the opportunity to buy before being sold whilst you are trying to sort it with your bank.
Yes, this is a concern
Happened to us. Money didn't clear in time
A similar thing happened to me a few months ago, tried to purchase some coins from the royal mint, the transaction was denied, Lloyds bank told me it was about fraud prevention, i assured them it was genuine and tried to purchase again, still it was denied.
Sucks. Sorry to hear you had problems too.
@@BackyardBullionjust incompetence, huh?
Exactly the same thing has happened to me over the weekend!!!
So stupid!
I had this same issue with Lloyd’s but luckily they removed the restriction when I called them
Nice, good to know.
A friend had the opposite problem, he sold crypto and tried to send to his bank, they refused to accept the money. 1 hour phone call later they still wouldn't accept even though he used this bank to buy crypto in the 1st place!
Oof, thanks for sharing!
this was a UK high street Chinese bank that was fined millions for corruption 😂
I have a few k on a crypto exchange my problem has been for the past few years been struggling to get money from bank to exchange, but now i can get money from bank to exchange, now the exchange do not want my money ? exchange say i have reached my limit they will not take a penny its nuts, them dam Algorithms.
@@1betterthan it's madness. The incompetent UK government don't acknowledge crypto yet want to tax us on gains. This is why exchanges are not allowed in UK and we have to go elsewhere. I'd suggest having accounts on a number of exchanges and buying a hardware wallet
@@sarumike Thanks good advice,
This is just a rant, unless you provide the name of the bank that would NOT allow you to negotiate the transaction. Naming the bank for your subscribers is just as important as the details behind the attempted purchase.
I don't want to name the bank until I have had resolution from my complaint. I do things properly and will not open myself up to libel or slander when I don't know the full facts.
@@BackyardBullion - Why discuss the matter at all then? There is no libel or slander action if the statements you are making are actually true.
How about you just respect my decision to share this how I want to share it and not bother commenting like you are? What benefit are you bringing to the discussion? None, you are just being a troll quite frankly.
@@bigaarmory100 there's nothing wrong with a "heads up" alert and if it's systemic it will be all banks and not one in particular.
@@BackyardBullion - I find it odd that you define a silent subscriber to your channel since 2018 as a troll simply because I state that your argument for avoiding libel or slander is without merit. I know the rules Karen.......it's your way or the highway. I understand your channel provides a revenue stream for you and that engagement farming using sensationalism within the video titles and content brings views. I hope your subscribers soon learn the name of the bank from you (whether the ultimate outcome is good or bad) so they themselves can act accordingly.
PS, How are the chop sticks holding up. I am curious about how they have stood up and showing any scratches, bends in them etc. You made such a wonderful video on the day you got them. It is one of the most loved posts I have ever had from any one I have sent anything to. Take care and love to you and yours a bunch old friend.
They are great, we use them as party pieces when serving our Chinese takeaway!
I hope you have a positive resolution.
Thanks, me too.
I wonder if the Bullion Dealers with shops have this issue, they purchase all the time ? Think we know the answer already, this is control and I don’t like where this is heading, my bank will only try this once with me and that will be their lot.
Maybe, hard to know.
Gave it away as HSBC with Premier account? 😆 They're pretty backwards, even with other smaller purchases, though I had luck eventually having them capitulate
It is NOT HSBC actually :-) there are other banks that have premier accounts!
Heh, fair enough. I was sure with such terrible fraud detection it would be
The benefits are quite good though compared to the others, after Barclays cut their offerings.
I enjoy your videos and I am a proud member of The Cool Kids Club !
Amazing, love my ramblers!
We should get a badge
The same happened to me with a black horse. The funny thing was my debit card wouldn't work but the app would???
That is sad.
around the 5 minute mark - a Monty Python skit would be unbelievable but it's "real" ; hope there are different banks in the U.K.
Yeah, totally!
ByB ..... you're on a list .....
I would be surprised if I wasn't frankly!
@@BackyardBullion goes for me too. Suspect I'm partly shadow banned here on specific channels
@@BackyardBullion Yeah you're probably not the establishment's poster boy, right now
Same happened to me when i wanted to purchase one of the KCIII comemative coins online I ended up calling TRM directly and it went through.
Fair enough!
I had exactly the same problem the other day i ended up having to pay with my credit card and then paid the balance off straight away besides the point you shouldn’t have to go through all that faff just to buy something with your own money as you said and it’s all well and good trying in a couple of days but if it’s a popular coin or it has a very low mintage you might miss out and end up having to pay more on the second market great video please keep us all updated with the complaint and resolution
I had the exact same problem and solution with Atkinsons last week
Thanks for sharing!
Does the Royal Mint (and Atkinsons) accept credit cards ?
@Karl_Burton yes, I used a credit card and then instantly went and cleared the balance from my bank account
@@stephenparker5241 👍
They don’t want competition/black market!! Jus the beginning folks 😏
Yes
That Bank clearly sees your business as a threat to their existence
Really? I doubt it!
I had the identical problem twice…. Lloyds!
Oh my, this was not Lloyds for me.
Well grassed 👍
I'm glad you're not naming the bank! I can see how legally that would be bad, also the anger many are feeling about the banks as a whole, having a target that's a bank would be horrific! No one wants or deserves to be the cause of any form of aggressive behaviour!
With your case specifically, I do hope you receive a proper resolution that you're happy with, may this never happen again!!!!
We will see
Nah, should have hinted or alluded to who it was, so we can steer clear of them. It is not libel, slander, or defamation if what he is saying is true and factual. Then again, we live in a clown world.
@@theheist5 even though it would be beneficial to us now, it's far better to wait and see how things develop. Giving us all a greater perspective of what banks are doing. It was either 365 or BB who've done a few bank vids with assorted issues, including reasons why they're not naming the bank and their reasons are very understandable!
Did discover though, Virgin Money have in their savings account small print a statement about not allowing cryptocurrency related transactions.... but that's my bank and I have no clue as to the identity of the one BB speaks of
RBS has told me from Sep 11th...they will be monitoring everything.
OK, I mean they basically do now already!
Interesting, a date to hook other events to.
Not a fridgging fridge!!!
This is why I always purchase my PM's with cash only.
Not that easy in the UK
When your bank says no, champion says yes!
I don’t mean to be confrontational but does this maybe change your mind on CBDCs as previously I have seen you comment that people are delusional for saying that a CBDC would be used to control what you are allowed to buy? I would be interested to know if you have altered your opinion on the topic of CBDCs after your experience with the (as of yet) unknown bank.
Not at all. This is incopetence rather than control.
If not for control, then for what ? Why not leave things as they are ?
Why does it have to be control over incopetency? Its not always about conspiracy theories.
@@BackyardBullion CBDCs are for control. If not for control, then what's the point ?
I don't want to be paranoic here but I think the banks don't want us to have goods that can fight inflation. I realy hope I'm wrong about that.
Maybe, time will tell
I'm in this boat. My Royal Mint purchase last night timed out more than once and similar thoughts crept in.
I can't see why prices are going up on pretty much everything, except PMs which are going down, at the moment. I think you're right to be suspicious.
Nice Silverbug Island round. 👍
Yes it was!
I love how you recently opened a first direct account for the savings like me ;p
Makes the most sense! Good bank for 7% on savings, yes please!
Yet you said Cashless would be ok, Can you imagine the control they will have when cashless comes in! You cannot imagine the control, tell you what, when and where you can spend your money! said this here before ! Cashless is gonna be horrendous!
This is not fraud protection, this is control!
yes, get ready for the planned collapse!.....don't want the peasants setting up their own system in competition now do we?!?! 🤔 ....... 🤡 🌎
There is a balance to be struck.
@@BackyardBullionAbsolutely Not.
I think they'll sucker people in with 'free' money, initially. 'Switch before this date, or miss out'
Fridge prevention, not fraud prevention
Fridge? What has that got to do with it!?
Hello BYB. I had exactly the same happen to me two weeks ago. Even a visit to the bank could not sort it. I had to phone a security department department,, just as you had with him on the phone he could not sort it. To dot with OTPs one time passwords. Oh and a couple of months back another refuse and the bank called me, it took about one hour on the phone to be able to complete. Even the person on the phone could not understand what was going on.!! This was for buying gold coins.
Stupid systems. Computer says no, no room for human thinking
Just keep enough money in the bank to pay bills. All additional money should be going into food, silver, gold, land, tools....you know hard assets.
I would tend to agree.
Computer says no.
100%!
It's an example of another danger with AI and CBDC. We will soon have little remnants of freedom left and no recourse when humans can't override the 'algorithm'
Time will tell.
Once verification (like the Sigma machines) becomes more affordable and adopted, more will see the allure of gold & silver and be confident about bartering with it.
maybe!
I recently tried to buy some of those new coins from the Mint (Im in the US) and was blocked too. Was told by their customer service to get a otc from my bank and go from there after the purchase attempt was cleared on my end. Haven't done all that yet, but I had figured its an issue with the Mint's system
Sounds crap, sorry
If you actually believe this is about your protection, you are naive in the extreme.
I don't believe it, it's about protection for them
@@BackyardBullion They may claim that, they may even believe that, but this is led from the Central banks that the commercial banks deal with, and they couldn't care less about protecting anyone.
You need to learn to ask for permission before you spend their money like that.
it would appear so!
@@BackyardBullion "Have you got a licence for those coins ?"
I only ever use bank transfers when buying from the Royal Mint which can be annoying as you have to wait for the Royal Mint to credit your investment account and you always have to send a little extra as prices can move.. I suspect we have the same bank as I too have a premier account at this particular bank and I could not get the card to work to top up funds or buy anything
Aha.. I got an email from my bank today, telling me that they have heightened their security measures and also lowered the maximum withdraw and that maximum deposit. I'm getting sick to death with banks, I really do. It's not their money and I'm beginning to think they are doing that, because they themselves are under a lot of financial stress. Not looking forward to the purchase I have planned for Monday.
Just imagine you're abroad somewhere and can't use your bank. What a nightmare. Unlike yourself, I do carry a card with 1 gram of gold sealed in it with me. Just in case they bank is unable to control their AI/algorithm. Beginning to sound like Little Britain "Computer says 'no' "
I think we are at the same bank. I also got an update like this.
@@BackyardBullion If they carry on like that, I change their name slightly, by exchanging one consonant for another, adding a vowel and swapping to the opposite direction. Then they'd be 'Nazieast' 🙂
If u think this is bad, wait till CBDC comes in.
I don't think it will be as bad as others say, but it will suck!
@@BackyardBullionI worked in Blockchain. Believe me it will be bad, especially with boe. On the flip side I've just started working for a bank!! 😂
Just wait until the CBDC rolls out. And your “money” gets suspended for making a Tweet, or a TH-cam video that hurts someones feeling….
Wont happen.
@@BackyardBullion Did you think what happened, would happen ?
Yes, because they are incopetent.
14:23 so what I’m hearing is: “if you don’t hold it, you don’t own it.”
Or more to the point, you can’t control it.
Classic counter party risk.
Yes indeed!
I had this happened to me when using a cash account, it was locked into pending for a week. Had to go through fraud management then it was released. But so far if I use a credit card I haven't had a problem so far...I am in the USA..
The only issue I had with the RM is that my postcode was not on my account.
Oh, thats wierd!
I recently spent in one day £15,000 at the Royal mint and one other dealer with no problems and I have never bought coins from them or any other coins before; I was a bit surprised that they didn’t check with me.
One of the items was one you recommended, the five coin sovereign set and that was done at 04:00
Imagine how you would feel if you tried to put it on a horse and was rejected and it came in 1st.
I have had this problem alot with HSBC bank, the transaction fails at te past minute when tryi g to buy gold, i just put it down to bad wifi or mobile app crashing but this algorithm makes more sense, i think its all part of the ESG score that companies have, they would rather loose customers than annoy Blackrock etc.
Same here, just do a bank transfer to purchase they can't stop t.
Thanls for sharing guys
Sounds like HSBC all over, I finally was able to make a purchase for the first time for royal mint bullion from their bullion service, which can only be done online. I had to go through the same problem.
It is not HSBC, but I am glad I don't bank with them!
@@BackyardBullion it also happened with my other bank when I tried them instead when HSBC blocked it.
Withdrawal cash and buy, accept cash and buy more. A month ago i was cut of for six days from the banking system thay did some changes.. i think it will have to do with cbdc.. ledger system.
Thanks for sharing
I had the same issue a few months ago. It took me ages to purchase a tube of King Charles sovereigns
At my bank I go to just one branch 99 percent of the time. Went on vacation/holiday took out 2000 in US dollars. Don't have a credit card. But hearing about things like this happening I do have a stash that I won't touch unless it hits the 💩hits the fan. It's your money buy what you want. 🇺🇸
Sounds like you made the right choice.
What's the silver bar with the building on it? Looks cool!
No idea, just random silver!
This is deeper than the bank. When a person has to defer to the decision of their colleague “the computer” and has no other recourse then we are all doomed.
Well my comment got censored describing the exact same problem! What a world we live in now!
Nothing to do with me, it would seem TH-cam has auto censoring
@@BackyardBullion 😀You Tube censor comments. Never happened 😆
The same thing happened to me 2 days ago here in America. I have money in the bank and I want to order 2oz of Sliver and the transaction would not go through. I tried like 5 times then I gave up.
I have similar situation with these banks put a limit on everything your debit cards they don't like certain transactions just crazy
It certainly sucks!
I have tried the same I tried to purchase three hundred pounds worth of silver one day and couldn’t purchase any tried again a week later with a six hundred pound purchase and nothing rang the company and they said it wasn’t there fault so I can only imagine it’s the bank but they haven’t text me at all, so what’s going on?
I work in fraud prevention for banking, it is odd that their systems blocked the purchase of gold from a legitimate seller. Likely an error.
I think this is the most likely outcome - lots of conspiracy theory nutbags in this comment section.
@@BackyardBullion very true 😂, banks often add new waves of criteria and risk models and sounds to me like they cocked up, you could potentially claim from a complaint 🤫