Glint update.. "For the avoidance of doubt, the Administrators have no reason to believe there are any deficiencies or inaccuracies in the Customer Funds held. Withdrawals have been halted whilst the position is verified by the Administrators’ team. Glint is an authorised electronic money institution i.e. a firm authorised by the Financial Conduct Authority (“FCA”) to issue electronic money (e-money) and provide payment services. Glint holds funds on behalf of its customers (“Customer Funds”). All Customer Funds received for the provision of a payment service and e-money that has been issued are subject to safeguarding. Safeguarding is a key consumer protection measure required by the Electronic Money Regulations and the Payment Services Regulations. Safeguarding requirements continue to apply to Glint during the administration and are a condition of Glint’s authorisation that the firm must comply with at all times. Customer Funds continue to be held in the same accounts they were in prior to the Administrators’ appointment and in accordance with the same legal and regulatory requirements. The directors and management of Glint have advised the Administrators that all Customer Funds are fully reconciled, accounted for and protected. Following their appointment, the Administrators have commenced an exercise to verify management’s reconciliation and confirm the position in respect of Customer Funds. As at 26th September this work is progressing well and no issues have been identified to date. The Administrators expect this exercise to be completed on 30th September, and a further updated will be provided by close of business the same day"
@@sharonthomas1894 hopefully will know much more at close of business on Monday when the next update arrives. I'm quietly confident that the ring-fence is intact.
Glint said on its website that customers’ gold was legally allocated and “held in a secure, insured and independent” vault run by Brink’s, the US-based security company, in Switzerland. “There has been no change to this arrangement as a result of the administration,” it said. ftom FT article
Every evening, I turn the lights down low, I light a few candles, and then I take a long, luxurious bath in a tub full of gold and silver coins....I always feel so fresh and clean.....
I open the safe and admire my gold and silver every day, would like to take a bath in it but I'll probably be all sweaty after I put everything back. 🛀😂
I agree with you about owning physical, and certainly do so for almost all my precious metal holding. However, I am also a Glint customer, although thankfully I don't have a huge amount in it at the moment. I signed up to it because I liked the idea of buying and selling gold (through my purchases) on a micro level. Through my normal purchases, I calculated I saved quite a bit. However, with the current administration, if I don't get my current balance back, I'll end up being down about £200. It's a shame, because it was an interesting idea.
between a bank that say that your money is gold in Switzerland. and other bank that sad that is paper or a number in a screen, i prefer glint. we agree that gold at home is the only real money. but we are leaving in a word that don't allow Countries, by low to have gold and silver as money!!!. so for now glint are the best solution i think. i will open a count and i ill use it as my daily count. just hoping that other banks will do the same. and one day we will use gold and silver as money....
If GLINT actually holds your gold, I would think it's safer than a fiat money "bank" that doesn't have any backing. Granted Gold goes up and down in value, but if you accept that then I see no issue and actually see convenience. When value is up spend some, when value drops hold it.
Well they're two different purposes. Physical is for hedging, emergencies, and existential crisis to the financial system. Paper is for ease of use and short/mid term investment. Personally I see the use for both. As long as the food/shelter supply is stable, people will probably take physical silver and gold in exchange for something. Paper is only useful within the financial system. I'd never buy paper precious metals or metals stored in someone else's vault and expect them to have the same utility and the same existential financial protection as the silver that I actually store in my house. So no. Paper and vault stored isnt part of the core stacker ethic. But it's still a valid use case. Edit: Did Glint ever advertise having insurance for this sort of situation?
I agree there are different types of uses for different people, just not me and for the reasons why I am stacking gold. As far as glint, maybe in their T&C's there is some additional clarification but from their straplines it totally sparks as your money is 100% safe
I mean naturally, if you have a tenth of a gram worth of gold in that account then It is logistically inefficient for them to send you that gold physically, so perhaps they have a threshold of let's say 1 g 10 g. 100 g anything in between?
Good advice man. Thank you. I signed up for glint yesterday thinking it would be quicker for me to move from 1 country to another without money conversion. Good thing I seen this video, gonna reconsider. Much appreciative.
I'm sure these precious metals will only increase in value in the near future with the uncertainty in the global market. But what do you do with your premium metals. do you sell them and make a profit, or do you keep hold of them, knowing that you may never get hold of them again?
This is where stack vs. vault through one of these companies can be useful. Stack is obviously held, but you can pre-allocate a certain ammount of your budget to be sold when you think you're near the price peak. Arguably as the price goes up you might want to hold those ounces for a shorter time, depending if the price is going up parabolically. You dont want to put expensive metals in your stack for the long term, because the price may come down and in that case you want to have the average price per ounce in your stack to be low.
Thanks for your video. Is the Glint that you're referring to that went into Administration the same as GlintPay now? If so has anything changed? Is their business model the same with the same risk?
As a collector I simply wouldn’t go down the paper metals route, every investment company, bank or storage business is just that, a business. The aim is maximum profit and I don’t believe ethical trading is a primary concern to the majority. Stay in control as much as you can would be my only advice 👍🏼
I have a glint card and want to buy some and have it redeemed. They are opening a US depository in Texas. At 0.5% it is well cheaper than other bu;lion premiums. Redeem it at the point of purchase.
Hi Backyard Bullion, Love your videos! Just wanted to suggest an idea (not mine..) Your table is beautiful but because it’s not a dark background it is taking away some of the beauty of the silver and gold. If you would use a darker background they may shine a little more. Cheers & thanks for sharing :)
I’d be interested to hear your thoughts on The Royal Mint’s DigiGold. I can see some benefits to their service - as well as some negatives. I did invest a little bit in their DigiGold but your video has given me pause for thought.
I have had a Glint card for a little over a month. I am in the US so the situation may be a little bit different here. I did act with caution though. I loaded what amounted to 3 grams of gold into the card and the only thing I have purchased was a box of shredded wheat cereal at a grocery store just yesterday. I did notice the purchasing power of the card goes up and down with the daily spot price of gold. I would be nice if the little amount I have in the card may accrue in value instead of constantly being "dunned" by fees. I do hold physical gold and silver, and wanted to use the card only as a small purchase convenience. I would never put any large amount into something as new as this so will just sit on this and see if all the wrinkles get ironed out. Thanks for the great video!
Have you changed your opinion on Glint or other such gold backed providers? I'd love a new video on if you think keeping your money in an FSCS protected gold backed bank to protect against the coming inflation (from the COVID19 spending) and then dollar cost averaging into physical Gold or Silver when you need/can to hold your wealth closer/ more secure.
Well, I think anything that does not have FSCS protection is a bad alternative to having it. If your whole argument is the government will fail and won't be able to honour it then you are sadly going to be very wrong.
Why would you hold gold you never spend? You pay high premiums to get it and if lucky get spot when you sell and thats if you can find a buyer not to mention capital gains taxes.
I always hear people talk about what happens after a large scale financial collapse that gold and silver will be the only thing of value and 'Paper' money will be worthless etc. But really if a truly world-wide event happened that resulted in such a collapse, how long would gold and silver retain their value? If the most basics of food, shelter and clothes are needed, then these will become the most important not gold or silver.
So really there is only one scenario and time period where gold/silver WON'T have value. And that's a total Mad Max style collapse (which even then it probably would still have some value) or apocalyptic end. Do you base your life/investments on the assumption there will not be good times, not be recession, not be depression, no recovery ever, but just total collapse of all society? That doesn't seem like a logical strategy or based on history.
They may not hold but even if a $50 gold piece worth over $1800 today, goes back to the original $50.00 face value, at least you can trade with it unlike toilet paper fiat money...no different being able to trade with storage food or ammo
Wow! Less than two weeks ago I ordered my Glint Mastercard. No see'em yet. If I do, what good would it be? Anybody know what the percentages are for financial recovery of an operation in "administration"? Sounds like London will raid the company holdings and tell everybody "Sorry, nothing left". Why the heck are "administrators" still allowing new accounts and deposits AND allowing mass videos by Glint to be broadcast across the internet selling their service, or are they ENCOURAGING it?!
Yeah...I will keep my Glint card to test it at the store if my cash becomes useless. But I’m starting to feel that Constitutional Silver is a lot more precious if shit hits the fan. I just lost $10 from Glint just trying to transfer the money over. $5 for some glitch between trying to transfer my Gold to USD and over to my bank, then another $5 fee for the transfer itself. I’m pissed.
Maybe if you entering your retirement right now after 30 years of stacking. Maybe it makes practical sense to have a portion of your gold in a more reliable glint type card. I'm too far off retirement to think of glint type companies. Come retirement it would be good to have a quick simple way to spend your gold in small amounts.
Sure seems you are becoming more and more like a prepper than I would have guessed. I hear Texas recognizes gold as legal tender and has their own state bullion depository. once deposited you can use a card to spend your gold holdings if you choose.
I’m a glint customer I hold mainly physical metals but i also diversified into glint as seemed to be a better way to store spendable fiat in gold and convert back when needed to spend rather than sat in fiat in a bank - thankfully only under a grand but will see what happens will be requesting physical delivery of gold if that’s ever an option let’s see ... they are saying a statement will be made on their website by cob tomorrow
09:50 Well gold does also have inherent value due to it's rarity and industrial use. Of course how that value translates into currency is down to us, but barring a situation where financial institutes and industry collapses, aka an apocalypse, gold will always have value. Also, potential topic for a future video: space mining. I know it's a bit tinfoil and a long way off becoming reality, but would be interesting nonetheless.
Lets see if the COMEX is able to deliver peoples physical silver this May I'm guessing people will be offered money instead of their silver People are buying mining shares and I don't think there will be a lot of mining going on until the price of silver rises. Gold and silver are currency in any country. Metals hold their value through time and you can even borrow using your stash as collateral .
@@BackyardBullion I didn't find it; it came up with all the current utube stuff today, yeah, OK, I missed the date at the bottom,sorry, we can't all be as clever as you can we, smartass 😉
Now imagine banks do this for years. And even with the money that they do take they then lend it back out to other people and win interest on that money. So not only do they have your money they have everyone else's money on top of that interest.
I think the difference between a company like Glint pay and say yours. is the fact that Glint requires faith to succeed and yours requires trust to succeed. I mean your products are verified by the Edinburgh Assay office which in a way is a sort of seal of a guarantee. So your customers, trust you that you're selling silver. Where as Glint requires faith, which is difficult to build and easier to destroy in the financial world.
I am convinced, investing in silver coins, I do not trust banks and governments, I have to pay more tax and bank costs than interest of investments returns. And coins are easy to change against goods you need, if all falls down. Paper is covered by nothing anymore, yeah pretty words from the bankers and politicians.
And that' is why I stay away from London 😉. . So many companies going to report administration and collapse. Boot's said they're closing 200 store's at some point. Bank branches are already closed " gone " in many town's. Continental tyre's in USA closing a huge factory today. ... future employment will erode with dire consequences throughout Europe UK and America. Bank of England looking seriously into xrp style currencies. . It's all going on. .. thanks
If people are buying paper PMs with fiat, then turning around and using a card to convert it to fiat, they deserve to lose their money...Bad as crypto.
Turn your cash into gold then spend the gold... sounds like getting a call from some guy in India who wants you to buy some Google Play cards or needs you to use MoneyGram or Western Union to send him some money. A fool and his money are soon parted.
Yes, I 100% believe that the financial systems will not collapse. A GLOBAL Pandemic, WAR and a multitude of other geopolitical issues have NOT caused it - so explain what exactly will?
@@BackyardBullion you seem like a smart man I’m not gonna change you mind just wondered if you had altered your view after 2 years. I hope you are right actually but just remember all power pyramids collapse at some point throughout history. Like you say even if something happens you hold real money regardless. Let’s just leave it as I hope I’m wrong
@@BackyardBullionI guess time will tell who was right/wrong. To be 100% that it will not collapse, is an incredibly strong statement, there's obviously something inspiring such a high level of confidence.
No worries buddy - if you don't like the intro (I like mine but there are channels I don't like the intros of) you can use the skip 10 seconds function - on my phone/tablet a double tap on the right of the screen jumps 10 seconds.
Your comment was a little confrontational. The premise of my video is still very relevant. Yes, they are not in administration any more but you are basically saying that I should not keep this video public with your snarky comment.
@@BackyardBullion I want to know why this video is irrelevant so I can make a wise decision.... rather than reading you getting butthurt over his commment
![Gunna - HIM ALL ALONG [Official Visualizer]](http://i.ytimg.com/vi/HiCxoDeo0hc/mqdefault.jpg)
Rule 1: Hold physical precious metals
Rule 2: When in doubt, see Rule 1
Amen to that!
There's 2 things you never do. #1 is let a stranger watch your kid and #2 let a stranger watch your money.
Sound advice brother!
Jay Bclay good one! And I agree, but since I don’t have kids, don’t let a stranger watch your fur babies. 😆
There used to be a saying amongst criminals that you shouldn't trust another man with your money, your wife or your life
Jamie Parker that’s ever more true today.
More so a "criminal base" like Chase.
If u struggle with paying your monthly Bill's but still manages to buy gold or silver give a thumbs up for me stackers
Always pay your bills though....but we'll done for saving money!
Bill's what?
Bills mate electric rent gas car payments stuff like that brother
Matthew Ramsey Let Bill pay his own bills...the bloody freeloader.
@@williamwilson6499
🤣🤣🤣🤣🤣
I always went with this simple mantra..."If you don't hold it, you don't own it."
A wide idea!
Glint update.. "For the avoidance of doubt, the Administrators have no reason to believe there are any deficiencies or inaccuracies in the Customer Funds held. Withdrawals have been halted whilst the position is verified by the Administrators’ team.
Glint is an authorised electronic money institution i.e. a firm authorised by the Financial Conduct Authority (“FCA”) to issue electronic money (e-money) and provide payment services.
Glint holds funds on behalf of its customers (“Customer Funds”). All Customer Funds received for the provision of a payment service and e-money that has been issued are subject to safeguarding.
Safeguarding is a key consumer protection measure required by the Electronic Money Regulations and the Payment Services Regulations. Safeguarding requirements continue to apply to Glint during the administration and are a condition of Glint’s authorisation that the firm must comply with at all times.
Customer Funds continue to be held in the same accounts they were in prior to the Administrators’ appointment and in accordance with the same legal and regulatory requirements.
The directors and management of Glint have advised the Administrators that all Customer Funds are fully reconciled, accounted for and protected.
Following their appointment, the Administrators have commenced an exercise to verify management’s reconciliation and confirm the position in respect of Customer Funds.
As at 26th September this work is progressing well and no issues have been identified to date. The Administrators expect this exercise to be completed on 30th September, and a further updated will be provided by close of business the same day"
Thanks! Clarity! A lot of people talking but providing no answers/ guidance!
@@sharonthomas1894 hopefully will know much more at close of business on Monday when the next update arrives. I'm quietly confident that the ring-fence is intact.
Glint sounds kinda like Fractional reserve banking with a gold cover! It's all a mind games. Own physical.
Totally agree!
I had no problem using my Glint card in the US , bought a 1/4 Gold Eagle :D
Glint said on its website that customers’ gold was legally allocated and “held in a secure, insured and independent” vault run by Brink’s, the US-based security company, in Switzerland. “There has been no change to this arrangement as a result of the administration,” it said. ftom FT article
You’re not a cynic that paper fiat won’t collapse, you’re an optimist.
a lot a swiss bankers got very rich holding "gold in other people's name" during WWII..........
Yep, they sure did
You can use your regular currency as well as gold on the Glint card and they will let you redeem if you've got 10 grams or more in your account
Every evening, I turn the lights down low, I light a few candles, and then I take a long, luxurious bath in a tub full of gold and silver coins....I always feel so fresh and clean.....
I open the safe and admire my gold and silver every day, would like to take a bath in it but I'll probably be all sweaty after I put everything back. 🛀😂
Lol, you magpies!
Doesn't silver actually have antiseptic or antibacterial properties? So a silver bath isn't as daft as it might sound.
I don't have enough gold yet to take a bath with mine maybe the silver tho, soon enough 👍👌
I agree with you about owning physical, and certainly do so for almost all my precious metal holding. However, I am also a Glint customer, although thankfully I don't have a huge amount in it at the moment. I signed up to it because I liked the idea of buying and selling gold (through my purchases) on a micro level. Through my normal purchases, I calculated I saved quite a bit. However, with the current administration, if I don't get my current balance back, I'll end up being down about £200. It's a shame, because it was an interesting idea.
I hope you won't. E down - try and insist on taking physical delivery of your gold that you own....on your name!
@@BackyardBullion There's apparently an update on 30 Sept, so we'll see what happens.
#1 rule in stacking /collecting
If you can't hold it you don't own it ..
Yep, 100%
between a bank that say that your money is gold in Switzerland. and other bank that sad that is paper or a number in a screen, i prefer glint. we agree that gold at home is the only real money. but we are leaving in a word that don't allow Countries, by low to have gold and silver as money!!!. so for now glint are the best solution i think. i will open a count and i ill use it as my daily count. just hoping that other banks will do the same. and one day we will use gold and silver as money....
If GLINT actually holds your gold, I would think it's safer than a fiat money "bank" that doesn't have any backing. Granted Gold goes up and down in value, but if you accept that then I see no issue and actually see convenience. When value is up spend some, when value drops hold it.
Still here 2 years later and bigger and stronger than ever
Silver got decimated today.......down almost $1.00 per ozt.....or down 4% just today alone.
Yep, crazy day!
The old saying is "If you don't hold it you don't own it"
Well they're two different purposes. Physical is for hedging, emergencies, and existential crisis to the financial system. Paper is for ease of use and short/mid term investment. Personally I see the use for both. As long as the food/shelter supply is stable, people will probably take physical silver and gold in exchange for something. Paper is only useful within the financial system. I'd never buy paper precious metals or metals stored in someone else's vault and expect them to have the same utility and the same existential financial protection as the silver that I actually store in my house.
So no. Paper and vault stored isnt part of the core stacker ethic. But it's still a valid use case.
Edit: Did Glint ever advertise having insurance for this sort of situation?
I agree there are different types of uses for different people, just not me and for the reasons why I am stacking gold. As far as glint, maybe in their T&C's there is some additional clarification but from their straplines it totally sparks as your money is 100% safe
I mean naturally, if you have a tenth of a gram worth of gold in that account then It is logistically inefficient for them to send you that gold physically, so perhaps they have a threshold of let's say 1 g 10 g. 100 g anything in between?
Good advice man. Thank you. I signed up for glint yesterday thinking it would be quicker for me to move from 1 country to another without money conversion. Good thing I seen this video, gonna reconsider. Much appreciative.
Hey BYB i have a q for a long time, would you recommend stackin silver or gold, or both. Btw good vid! :D
Depends on your income. If you can’t afford a lot, buy Silver. Medium income maybe a 60/40 (silver/gold) split. If you’re wealthy ,load up on Gold 👍
I'm sure these precious metals will only increase in value in the near future with the uncertainty in the global market. But what do you do with your premium metals. do you sell them and make a profit, or do you keep hold of them, knowing that you may never get hold of them again?
This is where stack vs. vault through one of these companies can be useful. Stack is obviously held, but you can pre-allocate a certain ammount of your budget to be sold when you think you're near the price peak. Arguably as the price goes up you might want to hold those ounces for a shorter time, depending if the price is going up parabolically. You dont want to put expensive metals in your stack for the long term, because the price may come down and in that case you want to have the average price per ounce in your stack to be low.
Personally the only time I will not hold it is if I put it in a safety deposit box
Thank you to mention that I don' t have possession of GOLD but Glint does. -- very good point
Thanks for your video. Is the Glint that you're referring to that went into Administration the same as GlintPay now? If so has anything changed? Is their business model the same with the same risk?
Where is the link to their website?
I wouldn't buy paper gold, I collect coins and no paper.
A good way to go I think!
It's not paper gold.
why do think Glint is still functioning? have your views changed?
Love that gold Brit 1oz
Me too 😉
As a collector I simply wouldn’t go down the paper metals route, every investment company, bank or storage business is just that, a business. The aim is maximum profit and I don’t believe ethical trading is a primary concern to the majority. Stay in control as much as you can would be my only advice 👍🏼
Sound words once again my friend
Hello everyone have a nice day
you to :)
I have a glint card and want to buy some and have it redeemed. They are opening a US depository in Texas. At 0.5% it is well cheaper than other bu;lion premiums. Redeem it at the point of purchase.
Gold/sliver coin vs Gold/sliver bar... which one is best and what is the pros and cons 🤔
Hi Backyard Bullion,
Love your videos!
Just wanted to suggest an idea (not mine..)
Your table is beautiful but because it’s not a dark background it is taking away some of the beauty of the silver and gold.
If you would use a darker background they may shine a little more.
Cheers & thanks for sharing :)
I am definitely 95% physical gold & silver owner. But like the idea of spending tiny amounts of gold.😉
I’d be interested to hear your thoughts on The Royal Mint’s DigiGold. I can see some benefits to their service - as well as some negatives. I did invest a little bit in their DigiGold but your video has given me pause for thought.
I have had a Glint card for a little over a month. I am in the US so the situation may be a little bit different here. I did act with caution though. I loaded what amounted to 3 grams of gold into the card and the only thing I have purchased was a box of shredded wheat cereal at a grocery store just yesterday. I did notice the purchasing power of the card goes up and down with the daily spot price of gold. I would be nice if the little amount I have in the card may accrue in value instead of constantly being "dunned" by fees. I do hold physical gold and silver, and wanted to use the card only as a small purchase convenience. I would never put any large amount into something as new as this so will just sit on this and see if all the wrinkles get ironed out. Thanks for the great video!
Can you recommend a good place to get bullion
Have you changed your opinion on Glint or other such gold backed providers? I'd love a new video on if you think keeping your money in an FSCS protected gold backed bank to protect against the coming inflation (from the COVID19 spending) and then dollar cost averaging into physical Gold or Silver when you need/can to hold your wealth closer/ more secure.
Well, I think anything that does not have FSCS protection is a bad alternative to having it. If your whole argument is the government will fail and won't be able to honour it then you are sadly going to be very wrong.
What do you think of ownx?
Never heard of Glint.
I am trying to build a stack of silver and gold, so WHY would I buy gold to spend on a gold card?
Why would you hold gold you never spend? You pay high premiums to get it and if lucky get spot when you sell and thats if you can find a buyer not to mention capital gains taxes.
Did you ever do an update on this, as Glint managed to secure funds and get out of administration.
Glint is back...? Is it safe ? I've already got gold on my card ..then found this info 🤣should I get out or have they sorted tere sh@@t out ?
Better that stock market claims of gold, silver, and platinum.
That .5 gram ingot must be plated or it would be smaller. Maybe one quarter the size of that bar/ingot.
What is 'administration' ?
It means the company has gone bust and has called in "administrators" to try and find out how to pay everyone that is owed money
Oh, I see. It's like filing for bankruptcy?
I always hear people talk about what happens after a large scale financial collapse that gold and silver will be the only thing of value and 'Paper' money will be worthless etc.
But really if a truly world-wide event happened that resulted in such a collapse, how long would gold and silver retain their value?
If the most basics of food, shelter and clothes are needed, then these will become the most important not gold or silver.
I agree, the most important things are good and shelter.
So really there is only one scenario and time period where gold/silver WON'T have value. And that's a total Mad Max style collapse (which even then it probably would still have some value) or apocalyptic end. Do you base your life/investments on the assumption there will not be good times, not be recession, not be depression, no recovery ever, but just total collapse of all society? That doesn't seem like a logical strategy or based on history.
They may not hold but even if a $50 gold piece worth over $1800 today, goes back to the original $50.00 face value, at least you can trade with it unlike toilet paper fiat money...no different being able to trade with storage food or ammo
Wow! Less than two weeks ago I ordered my Glint Mastercard. No see'em yet. If I do, what good would it be? Anybody know what the percentages are for financial recovery of an operation in "administration"? Sounds like London will raid the company holdings and tell everybody "Sorry, nothing left". Why the heck are "administrators" still allowing new accounts and deposits AND allowing mass videos by Glint to be broadcast across the internet selling their service, or are they ENCOURAGING it?!
Not in administration anymore
I'll stick with physical. Thing like glint just seem like a gimmick to me.
Yeah...I will keep my Glint card to test it at the store if my cash becomes useless. But I’m starting to feel that Constitutional Silver is a lot more precious if shit hits the fan. I just lost $10 from Glint just trying to transfer the money over. $5 for some glitch between trying to transfer my Gold to USD and over to my bank, then another $5 fee for the transfer itself. I’m pissed.
Wow really awesome video!!! :D
Thanks!
@@BackyardBullion you're very welcome 😊
Maybe if you entering your retirement right now after 30 years of stacking. Maybe it makes practical sense to have a portion of your gold in a more reliable glint type card. I'm too far off retirement to think of glint type companies. Come retirement it would be good to have a quick simple way to spend your gold in small amounts.
You make a good point, but I cannot see why you wouldn't want to just cash your gold out and spend the money
Sure seems you are becoming more and more like a prepper than I would have guessed. I hear Texas recognizes gold as legal tender and has their own state bullion depository. once deposited you can use a card to spend your gold holdings if you choose.
On a somewhat related topic, Provident Metals discontinued their DGGold service.
I’m a glint customer I hold mainly physical metals but i also diversified into glint as seemed to be a better way to store spendable fiat in gold and convert back when needed to spend rather than sat in fiat in a bank - thankfully only under a grand but will see what happens will be requesting physical delivery of gold if that’s ever an option let’s see ... they are saying a statement will be made on their website by cob tomorrow
Hopefully you won't lose all your money, good luck!
09:50 Well gold does also have inherent value due to it's rarity and industrial use. Of course how that value translates into currency is down to us, but barring a situation where financial institutes and industry collapses, aka an apocalypse, gold will always have value. Also, potential topic for a future video: space mining. I know it's a bit tinfoil and a long way off becoming reality, but would be interesting nonetheless.
Interesting about space mining, could be the end of the markets, but I don't think it will happen in out generation
A great video excellent information 👍😛
Lets see if the COMEX is able to deliver peoples physical silver this May I'm guessing people will be offered money instead of their silver People are buying mining shares and I don't think there will be a lot of mining going on until the price of silver rises. Gold and silver are currency in any country. Metals hold their value through time and you can even borrow using your stash as collateral .
Great video.
Very interesting
this isn’t over
Not by a long shot!
Why is this being posted today when it is 2 years old?
Um, I didn't post this today? Maybe you just found a video that is 2 years old and cannot tell the difference?
@@BackyardBullion I didn't find it; it came up with all the current utube stuff today, yeah, OK, I missed the date at the bottom,sorry, we can't all be as clever as you can we, smartass 😉
How is this aging
I think well thanks.
Now imagine banks do this for years. And even with the money that they do take they then lend it back out to other people and win interest on that money. So not only do they have your money they have everyone else's money on top of that interest.
Hi all :)
hey
I think the difference between a company like Glint pay and say yours. is the fact that Glint requires faith to succeed and yours requires trust to succeed. I mean your products are verified by the Edinburgh Assay office which in a way is a sort of seal of a guarantee. So your customers, trust you that you're selling silver. Where as Glint requires faith, which is difficult to build and easier to destroy in the financial world.
That simple mantra says it all.
Totally
Yep, totally the way to go.
I am convinced, investing in silver coins, I do not trust banks and governments, I have to pay more tax and bank costs than interest of investments returns.
And coins are easy to change against goods you need, if all falls down. Paper is covered by nothing anymore, yeah pretty words from the bankers and politicians.
If you don't hold it you don't own it, but if you own it why wouldn't you want to hold it.
And that' is why I stay away from London 😉. . So many companies going to report administration and collapse. Boot's said they're closing 200 store's at some point. Bank branches are already closed " gone " in many town's. Continental tyre's in USA closing a huge factory today. ... future employment will erode with dire consequences throughout Europe UK and America. Bank of England looking seriously into xrp style currencies. . It's all going on. .. thanks
You got shamed if you go on apmax a 5 gram ingot is about the size of the one you have that says .5...
This video reminds me of Magnum Options and how they have cheated me on some money.
If you dont hold it you dont own it :)
You know it!
Hi is glint still in administration
No
Physical only baby if ya can’t hold it you ain’t got it and that’s the bottom line cuz big al said so 🤪
I agree 100%
But dogs can look up
2 years Later and hyperinflation is here in America.
I'm here from the future -2 years later and hyper inflation is hitting the USA 😂
It's hardly hyperinflation
@@BackyardBullion soon
If people are buying paper PMs with fiat, then turning around and using a card to convert it to fiat, they deserve to lose their money...Bad as crypto.
I know, it's just a strange concept to me!
Turn your cash into gold then spend the gold... sounds like getting a call from some guy in India who wants you to buy some Google Play cards or needs you to use MoneyGram or Western Union to send him some money. A fool and his money are soon parted.
No laugh emoji for believing anything other than if you don't hold it you don't own it.
It’s two years later… Still think the financial system can’t collapse? 😝
Yes, I 100% believe that the financial systems will not collapse. A GLOBAL Pandemic, WAR and a multitude of other geopolitical issues have NOT caused it - so explain what exactly will?
@@BackyardBullion you seem like a smart man I’m not gonna change you mind just wondered if you had altered your view after 2 years. I hope you are right actually but just remember all power pyramids collapse at some point throughout history. Like you say even if something happens you hold real money regardless. Let’s just leave it as I hope I’m wrong
@@BackyardBullionI guess time will tell who was right/wrong. To be 100% that it will not collapse, is an incredibly strong statement, there's obviously something inspiring such a high level of confidence.
sounds like a scam ,
To Tell the Truth
2 years on.....this video is nonsense.
Not at all, it is a great commentary on why physical is much better. Also, your comment is nonsense. Thanks.
Whats happened/changed let me know pls
Please, please, please, get new music for the intro, I can't listen to that same guitar over and over anymore...
This is my intro, my brand and I like it....
@@BackyardBullion you are right, I just wanted to tell you my opinion... thank you for reading my comment, love your channel
No worries buddy - if you don't like the intro (I like mine but there are channels I don't like the intros of) you can use the skip 10 seconds function - on my phone/tablet a double tap on the right of the screen jumps 10 seconds.
@@BackyardBullion thank you :)
Scam from day one!
Gold
Lost
In
No
Time
I hear they are out of administration now
Lol time has made this video irrelevant
Like your comment then too?
@@BackyardBullion yup both non existent and doesn’t matter. But if my comment was irrelevant, you wouldn’t bothered to respond 😉
Your comment was a little confrontational. The premise of my video is still very relevant. Yes, they are not in administration any more but you are basically saying that I should not keep this video public with your snarky comment.
@@BackyardBullion I want to know why this video is irrelevant so I can make a wise decision.... rather than reading you getting butthurt over his commment
Never ever buy site unseen dumbest thing I've heard