Interestingly. Once you deposit " money" with a "bank" it is no longer "yours". ( In the generally accepted use of the term) Don't look into it, it'll ruin your weekend. Regards
@@humanbeing6933 Not if there is a run on the bank and/or the bank becomes insolvent. Banks work on a fractional reserve system so any particular banking institution will only ever have cash holdings to a small fraction of what they owe out to depositors. If too many people try to withdraw their money at once the bank won't have the cash to pay out. Also, if the bank goes bust for any other reason, you won't get your money as any assets the bank has are owed out to the bank's shareholders first, customers last.
They don't give a flying fig a out us . Remember when you deposit funds into a bank you giving over your money to the bank and they then own YOUR money. Please take a tip and don't leave any large amounts in your bank account , just leave enough to pay your bills. The economic system is probably going to collapse very soon and when it does " bank bail in 's will happen , which gives them the legal right to seize your money for ever.
It is not just you. I buy Gold and vault it offshore, have dealt with the same company for over 4 years. Then all of a sudden I was faced with exactly the same situation as you. Why are you buying Gold? etc etc. I told them " I don't trust banks and I put my money into physical gold because of the imminent financial collapse. The Welsh bank fraud guy agreed with me. Payment went through.
I wouldn't leave it all offshore unless your avoiding the vat.remember the saying "if it's not in your hands it ain't yours".I brought all mine back from allocated storage years ago.
@lifesjustanillusion246 Agreed. But your house can also get robbed as well. I saw YT video. Where they came in and just lifted the whole vault from the house, but I get what you are saying.
@lifesjustanillusion246 Agreed. But the place where I vault, my gold and silver offshore, is the same place where the central bankers/governments of the world/ the elite class vault their cash and gold. So they won't be hitting my location anytime soon.
I got locked out of my bank account one time for trying to buy gold from the royal mint, so now i dont buy from the royal mint. Also last year i saw some silver bars on sale on my local high street so i took out £500 from the cash machine, then went inside the bank to get the rest only to be told "Sorry sir you've reached your limit for today, come back tomorrow and you can have some more." So i threatened to close my account and they said "ok we'll do this once." The absolute nerve of these banks, its MY MONEY!
Technically we all are unsecured creditors to banks & it’s their money apparently. That’s the problem & where the fine print has been either altered or how people have been lied to. I think it’s since 2008 with the creation of bail in laws introduced but I’m not 💯% sure as I’ve not bothered to find it. Rather try to deal with things as everyone is
Was your money. When you deposited YOUR money it became THEIR money as soon as you let it go so now you just have an interest bearing account on a ledger at a financial institution as an unsecured creditor. That's the reality of it. When you want to make the digital digits real life money in your hands again it becomes a problem because they already lent out what you gave them to hold, and you know possession is 9/10's of the law so if you don't hold something you don't own it. They don't want us to use gold or silver because it escapes their grasp of digital control and surveillance. Hold the gold and silver or you don't own it.
Bank manager calls me asking what is bullion. I thought it odd a bank manager asking such a question. I told him I was buying gold and he stated I can't do that. So I did it again. Then another bank passed me a letter stating my banking privileges were here by terminated. Another bank blocked me from buying silver and told me they needed another bank to call them to let them release the funds I had been given. They don't want you buying gold or silver bullion.
@@fredgillespie5855 If they wanted to pay me to use it I wouldn't mind but today they charge one fees to use your money. When I was a kid there was interest deposited even in small bank accounts. Now it's all fees taken out every month.
Top tip: have a bank account with each of the major banks. When buying gold, determine who the seller banks with and use the same bank to send the money from. This will be an internal transaction for the bank and much less likely to encounter problems.
The Government changed the rules in the UK to make the banks liable for fraud, no matter what stupid customers do. This is why they refuse to pay now many things.
Sometimes a paper trail can be useful and work in your favour when it comes to proof of ownership. An example could be buying a car or a brick of gold with a suitcase of cash that has limited tracing where you then enter a legal battle as a result of a dispute because people know you did the transaction in cash and therefore they have the ability to legally tie you up in a knot. There is always going to be a balance between privacy and records when it comes to finances and transactions where more often than not it is better to have the records and the resulting use of your middle finger should you ever need them whereas the alternative (confiscation) could be quite painful.
Banks are legally on the hook for any fraud these days so as much as we hate it, they are going to be extra vigilant now. Did they eventually let your purchase go through? There's a big difference between paying for an item after multiple checks and not allowing it altogether.
The problem is people get defrauded all the time despite this. It's like spell check only altering words and spelling you intend to write and mostly ignoring your spelling errors.
In the United States, one large bank of mine will always block, what they consider to be large, ACH transactions to a specific major online coin dealer until I call them to verify “for my safety”. Every. Single. Time.
My neighbour went to get some of _his_ money out of the bank to help his daughter's house purchase. The bank said he couldn't have his money. So he went into the branch for an argument .... of course they would not give him cash over the counter either! Ended up performing separate smaller transactions on separate days to meet his objectives.
had same thing happen to me back in feb trying to buy 2 1oz coins from chards, right before the price started jumping hundreds so the bank cost me, even though i bought from them lots of times, it still pisses me off and i def wont buy 2 in one hit again ever, i am glad to be a stacker when you see this going on and then everyones internet was cut off months ago, it just shows they can shaft us when they feel like it, glad i dont own bit coin, when will they flick the switch on that!
@markaustin5884 Exactly same with me in blackpool. bank not allowin g o to payment and asking loads of questions even asking me to go in the bank and been told to be careful what i put in the post office and what i do on how i spend my cash whith heavy warnings. 2 scenarios over the last two years approx.Last scenario with my virgin bank was harder warnings and bigger threats with letters also.
I think gold is probably on a list of high value items that they think criminals might buy to launder money. And I think they want to make sure you are not being coerced into spending or moving the money. I wonder if they ask the dealer too?... e.g. whether you are a new or regular customer. Sometimes just the authentication puts me off using their online systems...
The banks systems can presumably see all the transactions you've made and with which accounts for which amounts. I can understand slightly if it's the first time or an unusually large transaction but when it isn't an out of character type of transaction is when I have a big problem with it. I agree too would much prefer to have a local supply and just to be able to go and pay in cash
Interested to know which bank as my wife experienced almost exactly what you’ve described with Barclays. They treated her like a clueless child and even tried persuading her not to complete the transaction with a well established multinational FCA registered company! They finally backed off when she said she’d switch to another bank if they kept wasting her time.
I had so many issues with Barclays in the past that I closed accounts with them. That was with various stores both in store with the physical card, over the phone and internet banking... roughly half a dozen times in a few months, couldn't rely on their cards and don't have time to be messing around with them to unfreeze my card each time
I think it's somewhat ironic 😂 The comments section is full of scam comments, which is also the reason for your bank being impossible as the UK government has legislated that they must protect customers or the bank is liable.
Hey SS 👍 From what I understand from watching Backyard Bullion is that the banks in the UK are being held liable for fraud, so they're being extra diligent with anything that potentially could be fraud. But to me, it sounds like a pain in the butt.
@@davidshaw5105 they don't care what you buy with your money, it's about fraud prevention. The new rules are that if you transfer money to a fraudster, then the banks must compensate you, which is mad. I got all these questions for transferring money to my mum.
Go credit card and then pay that off from bank. Added protection too. Never use a debit card or bank account. They are only for inter banking to your cards.
The only problem I’ve encountered is that my wife is in total control of the finances in my household 🤩🤩. Thanks and see you on y to he next one🙋🏻♂️J.
I had exactly the same experience,the bank (Lloyds Bank)blocked my card froze my account i had to go into the branch to get grilled as to why i was spending it on PM's They sorted it out and said i was good to go. I went outside checked if i could get some cash out if the ATM and was ok 👍🏻. I went home went to complete my purchase with the bullion dealer and went to pay ..guess what..? DECLINED and my account was locked again I had to go back to the branch again the next day to sort it. It seems as someone doesn't want us buying precious metals....🤔
I buy gold on my rewards credit card. The bank don't have a problem with me paying my credit card off. I do have more than one current account for situations like these as one company (not a bullion dealer) was flagged with one current account as fraudulent. I moved money to my other current account and the transaction processed.
I think I'm gonna withdraw a small amount each month so at least I have some incase banks keep doing this. They done this to backyard bullion also. Asked him to explain where his wealth comes from. So he cancelled the account as they want to know too much
I don't think it's just a gold and silver thing. I had to pay a lawyer once and the bank not only blocked the transaction, it temporarily froze the account. It's just banks doing their thing. There's a reason why stacking gold and silver is becoming increasingly more attractive
I used to be able to buy Sovs from English dealers at a 10% discount, but in recent years they've made transactions impossible as an overseas buying. I used to buy with credit card (debit) that waived international fees but that's no longer an option. So I've given up buying from England.
It is because of shipping and customs problems since Brexit. Same with art and antiques and eBay goods. EU firms won’t ship to UK either now. Easier just to do a short visit.
7:04 The banks are on the hook now for any fraud so maybe this is why all the questions. I transfer money to my trading 212 account and use the card and I get cash back.
Happend to me twice, both times were when buying gold/sliver from companies I've dealt with a lot of times. One was HSBC and the other was the Nationwide BS. They don't like us taking our money out of their system. It will get tougher in the future in my opinion .
Correct sir !!! I had my accounts frozen in November 2022 when I had the foresight to buy silver. It's been an ongoing issue ever since (I have to go through their fraud department to explain EVERY transaction), and they'll flat out block any transaction to a crypto exchange (I've got the last laugh, XRP is worth ten times what I paid for it several years ago, and I have no plans on bringing the money back IN to the banking system!!)
The Government changed the rules in the UK to make the banks liable for fraud, no matter what stupid customers do. This is why they refuse to pay now many things. They won't take the slightest risk, understandably in my opinion.
@@piccadillyvision3761 There is little to no "Risk" on transactions between the customer and a business which have a history (at least a few) of transactions between the two. It's purely down to the fact that we are moving our money/wealth out of their system. It really is that simple.Running my business I deal on a daily basis with new companies and yet rarely ever have any issues raised by my Bank. As the old saying goes: If it looks like a pig,smells like a pig and snorts like a pig and tastes like a pig ,there's a fair chance it's a pig.
I had the same problem in Nov 2022. Without warning or explanation, my bank FROZE all my accounts. It took 8+ hours on the phone, multiple branch visits and 6 days to have them unlocked. I never received a proper explanation WHY my accounts were frozen (but a small compensatory payment for "inconvenience"), but it seems they really didn't like me purchasing silver.
The Government changed the rules in the UK to make the banks liable for fraud, no matter what stupid customers do. This is why they refuse to pay now many things.
The new banking rules state that you are an unsecured creditor to the bank when you deposit money into an account. Every time you remove money into an account, you stop the bank earning off of the money you put into the account. NEVER READ UP ON BANK BAIL IN's. THIS IS HAPPENING IN THE UK!!!
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I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
Well the name is 'Evelyn Infurna Services. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
its because there laible for scams now there are more codes etc its annoying but its life though annyyed when they stop my payments for a £30 silver coin lol
I'm so sick of the scam comments trying to get us to "invest" in some brilliant lady that made then a huge amount in one day. If you read the comments you know what I'm talking about. I always report them and comment SCAM on them to hopefully prevent someone in our stacking community from falling prey to these scam artists
All banks are making it hard - very hard - for customers to withdraw money. (Hint, they're already broke, they can't let customers withdraw money they don't have).
Just try buying crypto! I wouldn’t mind if they genuinely did care about us not losing money, but I’ve got a feeling if it was some gambling company, they wouldn’t bat an eye lid and the transaction would go straight through!
Got my XRP in 2022. I'm actually thinking of trading OUT of XRP and IN to physical silver (if - IF - XRP continues to go UP, and silver doesn't). That said, I'll never sell ALL my XRP, and I think it will do extremely well in the medium term :)
!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated
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I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
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Its call "full control", money is yours, u do what ever u want to do with it... Just think if world would go on full Crypto, and no alternative payment available, banking sector, can shut u down with one click off the button, crazy! I found very cheeky, when bank is asking what u buying, where is your privacy? 😑 If i was u, i would change your bank 🏦
Unfortunately all the banks are the same . I went into a bank and was asked what's I was doing with the money so I told the cashier to mind her bloody business. They refused to hand over my money until I made something up . I've since emptied the account.
Interestingly. Once you deposit " money" with a "bank" it is no longer "yours". ( In the generally accepted use of the term)
Don't look into it, it'll ruin your weekend.
Regards
True, you become an unsecured creditor because you've just loaned your currency to them and it's now a liability of the bank.
🤢
.. but you should be able to get back to spend it on whatever you wish
@@humanbeing6933 Not if there is a run on the bank and/or the bank becomes insolvent. Banks work on a fractional reserve system so any particular banking institution will only ever have cash holdings to a small fraction of what they owe out to depositors. If too many people try to withdraw their money at once the bank won't have the cash to pay out. Also, if the bank goes bust for any other reason, you won't get your money as any assets the bank has are owed out to the bank's shareholders first, customers last.
Actually they are not trying to protect you, but themselves.
They don't give a flying fig a out us . Remember when you deposit funds into a bank you giving over your money to the bank and they then own YOUR money. Please take a tip and don't leave any large amounts in your bank account , just leave enough to pay your bills. The economic system is probably going to collapse very soon and when it does " bank bail in 's will happen , which gives them the legal right to seize your money for ever.
It is not just you. I buy Gold and vault it offshore, have dealt with the same company for over 4 years. Then all of a sudden I was faced with exactly the same situation as you. Why are you buying Gold? etc etc. I told them " I don't trust banks and I put my money into physical gold because of the imminent financial collapse. The Welsh bank fraud guy agreed with me. Payment went through.
I wouldn't leave it all offshore unless your avoiding the vat.remember the saying "if it's not in your hands it ain't yours".I brought all mine back from allocated storage years ago.
@lifesjustanillusion246 Agreed. But your house can also get robbed as well. I saw YT video. Where they came in and just lifted the whole vault from the house, but I get what you are saying.
@jerrycooper1428 split it up if necessary.quite frankly if the shtf there's a greater chance of government stealing it than burglars
@lifesjustanillusion246 Agreed. But the place where I vault, my gold and silver offshore, is the same place where the central bankers/governments of the world/ the elite class vault their cash and gold. So they won't be hitting my location anytime soon.
It's because the Government decided to make banks liable when a customer gets defrauded.
I got locked out of my bank account one time for trying to buy gold from the royal mint, so now i dont buy from the royal mint.
Also last year i saw some silver bars on sale on my local high street so i took out £500 from the cash machine, then went inside the bank to get the rest only to be told "Sorry sir you've reached your limit for today, come back tomorrow and you can have some more." So i threatened to close my account and they said "ok we'll do this once."
The absolute nerve of these banks, its MY MONEY!
Yep. The gall of them. Questioning the decisions you make concerning your own money.
Technically we all are unsecured creditors to banks & it’s their money apparently. That’s the problem & where the fine print has been either altered or how people have been lied to. I think it’s since 2008 with the creation of bail in laws introduced but I’m not 💯% sure as I’ve not bothered to find it. Rather try to deal with things as everyone is
That's hilarious, I hope that bank is card only, can't be getting cash and coins from a dodgy company like the royal mint 🤦
Was your money. When you deposited YOUR money it became THEIR money as soon as you let it go so now you just have an interest bearing account on a ledger at a financial institution as an unsecured creditor. That's the reality of it. When you want to make the digital digits real life money in your hands again it becomes a problem because they already lent out what you gave them to hold, and you know possession is 9/10's of the law so if you don't hold something you don't own it. They don't want us to use gold or silver because it escapes their grasp of digital control and surveillance. Hold the gold and silver or you don't own it.
never trust the banking system mate…
real money outside the system .The system does not like you being smarter than them
Bank manager calls me asking what is bullion. I thought it odd a bank manager asking such a question. I told him I was buying gold and he stated I can't do that. So I did it again. Then another bank passed me a letter stating my banking privileges were here by terminated.
Another bank blocked me from buying silver and told me they needed another bank to call them to let them release the funds I had been given.
They don't want you buying gold or silver bullion.
Next time tell him Beef/Chicken bullion for your cafe.
@@deplorable1-2 I cashed out my GIC's instead.
If your money is on deposit in the Bank they can use it. If it is in gold they can't. Simple.
@@fredgillespie5855 If they wanted to pay me to use it I wouldn't mind but today they charge one fees to use your money.
When I was a kid there was interest deposited even in small bank accounts. Now it's all fees taken out every month.
Top tip: have a bank account with each of the major banks. When buying gold, determine who the seller banks with and use the same bank to send the money from. This will be an internal transaction for the bank and much less likely to encounter problems.
It's getting ridiculous with these banks and the truth of the matter is, that it is only going to get worse
Yeah I think you're right
The Government changed the rules in the UK to make the banks liable for fraud, no matter what stupid customers do. This is why they refuse to pay now many things.
I pay cash for my coins, as long as you keep it under 10 grand there is no paper trail.
Lucky you. In France daddy state and mother Europe are watching over our shoulder from the moment we buy one ounce...of silver! No cash allowed.
Sometimes a paper trail can be useful and work in your favour when it comes to proof of ownership.
An example could be buying a car or a brick of gold with a suitcase of cash that has limited tracing where you then enter a legal battle as a result of a dispute because people know you did the transaction in cash and therefore they have the ability to legally tie you up in a knot. There is always going to be a balance between privacy and records when it comes to finances and transactions where more often than not it is better to have the records and the resulting use of your middle finger should you ever need them whereas the alternative (confiscation) could be quite painful.
Got a dealer I get my sovereigns in cash .he wants only a tenner over chards price.
Banks are legally on the hook for any fraud these days so as much as we hate it, they are going to be extra vigilant now. Did they eventually let your purchase go through? There's a big difference between paying for an item after multiple checks and not allowing it altogether.
The problem is people get defrauded all the time despite this. It's like spell check only altering words and spelling you intend to write and mostly ignoring your spelling errors.
In the United States, one large bank of mine will always block, what they consider to be large, ACH transactions to a specific major online coin dealer until I call them to verify “for my safety”. Every. Single. Time.
When it's more than once you start to wonder ...
same problem when i tried to buy from the royal mint. the banks do not have the money to cover its debts. the banks are insolvent
My neighbour went to get some of _his_ money out of the bank to help his daughter's house purchase. The bank said he couldn't have his money. So he went into the branch for an argument .... of course they would not give him cash over the counter either! Ended up performing separate smaller transactions on separate days to meet his objectives.
Similar happened to me ,payment wouldn’t go through. I use my credit card now and pay the bill when it comes through.
It seems to be happening more frequently
I use my credit card for all purchases never had an issue
had same thing happen to me back in feb trying to buy 2 1oz coins from chards, right before the price started jumping hundreds so the bank cost me, even though i bought from them lots of times, it still pisses me off and i def wont buy 2 in one hit again ever, i am glad to be a stacker when you see this going on and then everyones internet was cut off months ago, it just shows they can shaft us when they feel like it, glad i dont own bit coin, when will they flick the switch on that!
bank that shafted me was hfax
Bit Coin is a honey trap
@markaustin5884 Exactly same with me in blackpool. bank not allowin g o to payment and asking loads of questions even asking me to go in the bank and been told to be careful what i put in the post office and what i do on how i spend my cash whith heavy warnings. 2 scenarios over the last two years approx.Last scenario with my virgin bank was harder warnings and bigger threats with letters also.
I think gold is probably on a list of high value items that they think criminals might buy to launder money. And I think they want to make sure you are not being coerced into spending or moving the money. I wonder if they ask the dealer too?... e.g. whether you are a new or regular customer. Sometimes just the authentication puts me off using their online systems...
The banks systems can presumably see all the transactions you've made and with which accounts for which amounts. I can understand slightly if it's the first time or an unusually large transaction but when it isn't an out of character type of transaction is when I have a big problem with it. I agree too would much prefer to have a local supply and just to be able to go and pay in cash
I think the Dollar is what the criminals use 😞all over the world
Interested to know which bank as my wife experienced almost exactly what you’ve described with Barclays. They treated her like a clueless child and even tried persuading her not to complete the transaction with a well established multinational FCA registered company! They finally backed off when she said she’d switch to another bank if they kept wasting her time.
I had so many issues with Barclays in the past that I closed accounts with them. That was with various stores both in store with the physical card, over the phone and internet banking... roughly half a dozen times in a few months, couldn't rely on their cards and don't have time to be messing around with them to unfreeze my card each time
Well glad you got the coin but it sure is annoying how this went. Enjoy though and I hope you and everyone here has a nice Christmas season🙂
I think it's somewhat ironic 😂
The comments section is full of scam comments, which is also the reason for your bank being impossible as the UK government has legislated that they must protect customers or the bank is liable.
I'm finding it hard to find a scam comment. Do you represent a bank?
Hey SS 👍
From what I understand from watching Backyard Bullion is that the banks in the UK are being held liable for fraud, so they're being extra diligent with anything that potentially could be fraud.
But to me, it sounds like a pain in the butt.
Banks (all of them) just DON'T like customers withdrawing money - period.
(If you understand "fractional reserve banking", you'll understand WHY).
@@OhSoddit yep, I'm familiar with it.
correct!
its not in their interest for anyone to buy metals because it defeats the objective of money interest through devaluation
@@davidshaw5105 they don't care what you buy with your money, it's about fraud prevention. The new rules are that if you transfer money to a fraudster, then the banks must compensate you, which is mad. I got all these questions for transferring money to my mum.
Go credit card and then pay that off from bank. Added protection too. Never use a debit card or bank account. They are only for inter banking to your cards.
The only problem I’ve encountered is that my wife is in total control of the finances in my household 🤩🤩.
Thanks and see you on y to he next one🙋🏻♂️J.
🤣
Nice collection my friend, out of interest, what is the Bank in question?
my virgin money bank did the uk came at me with letters and an appointment warning me oabout my outgoings on gold as an average citizen.
I buy gold cash only . My bank is only for bills. Withdraw it as soon as it goes in.
exactly snap
Tell your bank to set up a direct debit to your coin dealer, tell the coin dealer to keep the money till it reaches the amount a coin costs lol
I had exactly the same experience,the bank (Lloyds Bank)blocked my card froze my account i had to go into the branch to get grilled as to why i was spending it on PM's
They sorted it out and said i was good to go.
I went outside checked if i could get some cash out if the ATM and was ok 👍🏻.
I went home went to complete my purchase with the bullion dealer and went to pay ..guess what..? DECLINED
and my account was locked again
I had to go back to the branch again the next day to sort it.
It seems as someone doesn't want us buying precious metals....🤔
Did you get the problem resolved ?
How annoying, that hasn't happened to me for a while now. I've been buying quite alot of gold off Ebay and not paying direct to a dealer.
Yes if there's a supply of what you want and the price is right with a reputable seller it's not a bad plan 👍🏼
@SovereignSaurus snap but if you do only si8lver in small amounts, and gold from a unrecorded sourse like an jeweller who will not ask for your detals
I buy gold on my rewards credit card. The bank don't have a problem with me paying my credit card off.
I do have more than one current account for situations like these as one company (not a bullion dealer) was flagged with one current account as fraudulent. I moved money to my other current account and the transaction processed.
they hate you holding real money
I think I'm gonna withdraw a small amount each month so at least I have some incase banks keep doing this. They done this to backyard bullion also. Asked him to explain where his wealth comes from. So he cancelled the account as they want to know too much
I don't think it's just a gold and silver thing.
I had to pay a lawyer once and the bank not only blocked the transaction, it temporarily froze the account. It's just banks doing their thing.
There's a reason why stacking gold and silver is becoming increasingly more attractive
change bank accounts
I used to be able to buy Sovs from English dealers at a 10% discount, but in recent years they've made transactions impossible as an overseas buying.
I used to buy with credit card (debit) that waived international fees but that's no longer an option.
So I've given up buying from England.
It is because of shipping and customs problems since Brexit. Same with art and antiques and eBay goods. EU firms won’t ship to UK either now. Easier just to do a short visit.
7:04 The banks are on the hook now for any fraud so maybe this is why all the questions. I transfer money to my trading 212 account and use the card and I get cash back.
Hearing it’s common worldwide now for metals & crypto’s
When control begins to slip they tighten the reins anyway they can. Soon authorities will be thrown from a horse that is meant to be wild and free.
Happend to me twice, both times were when buying gold/sliver from companies I've dealt with a lot of times. One was HSBC and the other was the Nationwide BS. They don't like us taking our money out of their system. It will get tougher in the future in my opinion .
Correct sir !!!
I had my accounts frozen in November 2022 when I had the foresight to buy silver.
It's been an ongoing issue ever since (I have to go through their fraud department to explain EVERY transaction), and they'll flat out block any transaction to a crypto exchange (I've got the last laugh, XRP is worth ten times what I paid for it several years ago, and I have no plans on bringing the money back IN to the banking system!!)
The Government changed the rules in the UK to make the banks liable for fraud, no matter what stupid customers do. This is why they refuse to pay now many things. They won't take the slightest risk, understandably in my opinion.
@@piccadillyvision3761 There is little to no "Risk" on transactions between the customer and a business which have a history (at least a few) of transactions between the two. It's purely down to the fact that we are moving our money/wealth out of their system. It really is that simple.Running my business I deal on a daily basis with new companies and yet rarely ever have any issues raised by my Bank.
As the old saying goes: If it looks like a pig,smells like a pig and snorts like a pig and tastes like a pig ,there's a fair chance it's a pig.
I had the same problem in Nov 2022. Without warning or explanation, my bank FROZE all my accounts. It took 8+ hours on the phone, multiple branch visits and 6 days to have them unlocked. I never received a proper explanation WHY my accounts were frozen (but a small compensatory payment for "inconvenience"), but it seems they really didn't like me purchasing silver.
The Government changed the rules in the UK to make the banks liable for fraud, no matter what stupid customers do. This is why they refuse to pay now many things.
The new banking rules state that you are an unsecured creditor to the bank when you deposit money into an account.
Every time you remove money into an account, you stop the bank earning off of the money you put into the account.
NEVER READ UP ON BANK BAIL IN's. THIS IS HAPPENING IN THE UK!!!
That's not entirely true... deposits covered by the FSCS protection are excluded from any bail in (in the UK)
You need to change your bank. Deprive them of your business!
What would the referral offer be on bullion by post
The link is in the video description with the details there 👍🏼
Its not just you Sir similar thing happened to myself and I am only a minow in this .
Perhaps a minow egg compared to yourself😂
Which bank?
Exactly
Name the bank or don't even bother crying about it.
So which bank was this so your viewers can be made aware??
Maybe your bank wants you to wait with respect to the value of the pound vs gold.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Evelyn Infurna Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Evelyn Infurna has demonstrated expertise in investment strategies n has been involved in managing portfolios and providing guidance to clients.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
This is interesting. I heard a lot about the same person not long ago, please how can I contact her?
Well the name is 'Evelyn Infurna Services. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Good god you go on some!!!
That's up setting
its because there laible for scams now there are more codes etc its annoying but its life though annyyed when they stop my payments for a £30 silver coin lol
Hi, what is the purity of those coins you got ?
Hello, sovereigns are 22ct and Britannia are 24ct
@SovereignSaurus those are beautiful. Stunning art work.✊️Keep stacking 👍
no, me too.. Norway
😬
Thank God am only a simple stacker.
I'm so sick of the scam comments trying to get us to "invest" in some brilliant lady that made then a huge amount in one day. If you read the comments you know what I'm talking about. I always report them and comment SCAM on them to hopefully prevent someone in our stacking community from falling prey to these scam artists
Thank you I am also removing, deleting and reporting the same on the back end 👍🏼
A suggestion; Purchase with crypto. You didn't leave banking, banking left you.
Cash cash cash. I bet all you big gys are on a gold finger list
Tell them to piss off and close your accounts. Problem solved. 🙄
they all do it now
All banks are making it hard - very hard - for customers to withdraw money.
(Hint, they're already broke, they can't let customers withdraw money they don't have).
Just use cash
This isn't so bad because it means everyone else has a chance to buy something 😁
🤣 Or nobody does
Thats why you buy bitcoin
It takes 85 silver to buy 1 gold. You must hate yourself
Gold is slightly overvalued now, while silver is growing faster. Not good time for gold, but excellent for silver and platinum.
thanks that saw this video, wanna become an investor of coin of step finance, is anyone with sun kind of experiences here, wanna hear u personally??
Just try buying crypto! I wouldn’t mind if they genuinely did care about us not losing money, but I’ve got a feeling if it was some gambling company, they wouldn’t bat an eye lid and the transaction would go straight through!
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Joyce kim
Same, I met Joyce kim last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Joyce kim
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Selllll. Buy xrp bruh
Got my XRP in 2022. I'm actually thinking of trading OUT of XRP and IN to physical silver (if - IF - XRP continues to go UP, and silver doesn't). That said, I'll never sell ALL my XRP, and I think it will do extremely well in the medium term :)
!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Its call "full control", money is yours, u do what ever u want to do with it...
Just think if world would go on full Crypto, and no alternative payment available, banking sector, can shut u down with one click off the button, crazy!
I found very cheeky, when bank is asking what u buying, where is your privacy? 😑
If i was u, i would change your bank 🏦
Unfortunately all the banks are the same . I went into a bank and was asked what's I was doing with the money so I told the cashier to mind her bloody business. They refused to hand over my money until I made something up . I've since emptied the account.