saving gold Archives | Cash For Gold International

When we look at the real state of the British Pound since Brexit as a citizen of the UK, I cannot help but be very worried about the future of the Country and its currency.

This chart by renowned and respected economist, Mike Maloney, shows that £ Sterling has lost buying power since Brexit.

The chart also shows how Gold has increased in value since Brexit so I ask did you have any pure gold saved?

Not doubt the answer will be “No I didn’t have any pure gold saved” or “Yes I have some pure gold saved but not enough”.

This 4 minute video by Mike Maloney will reveal what has happened to the British Pound Since BrexitNow having seen what has happened the British Pound Since Brexit I’m sure you realise the importance of buying pure gold. Indeed regardless of whatever Country you live it is important to have some pure gold in your portfolio. Many economists including Mike Maloney have predicted the same will happen with the € Euro, $ US Dollar and other currencies in coming months.

You really need to exchange some of your currency right now before it’s too late.

The person who shared this link with you will be eager to hear from you and help you so please get in touch with them to get a link to register and Protect Your Money.

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This video is credited to Mike Maloney

The European Commission is taking legal action against six European countries, including the Netherlands and Luxembourg, after they failed to implement rules that would allow for depositors to have their cash confiscated which means depositors lose savings. Six countries will be referred to the European Court of Justice (ECJ) for their continued failure to transpose the EU’s “bail-in” laws into national legislation, the European Commission said last Thursday according to The Telegraph.

Most EU countries, UK, the U.S., Canada, Australia and New Zealand all have plans for bail-ins in the event of banks and other large financial institutions getting into difficulty. It is now the case that in the event of bank failure, personal and corporate deposits could be confiscated.

The referral comes after the EU issued a warning against Poland, the Netherlands, Luxembourg, Sweden, Romania and the Czech Republic for their non-compliance earlier this year.

The rules– known as the Bank Recovery and Resolution Directive (BRRD)– are designed to stop governments from having to foot the bill for saving banks from going bust by instead forcing savers and deposit holders to foot the bill in an attempt to further protect banks from insolvency regardless of the burden to households and businesses as depositors lose savings

Brussels will refer six countries to the European Court of Justice over their failure to apply the new, very radical “bail-in” rules. Deposits of less than EUR100,000 should be protected under the new regime but in reality these limits are arbitrary and would likely be reduced to lower levels in the event of banks being insolvent again in another European and global financial crisis.

In the event of a systemic European banking crisis, however, laws could be changed at the stroke of a pen and “bail-in” mechanisms could become fully operational. Also, the comforting guarantee of EUR100,000 ($100,000 or ₤ 80,000) would likely be reduced in such a crisis.

The era of depositor bail-ins is coming and preparations are in place by the international monetary and financial authorities for bank bail ins. Financial interests of banks are once again being placed over those of small and medium businesses and taxpayers in general. The majority of the public is unaware of these developments, the risks and ramifications, and how they can protect their money.

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