My Bank Lied To Me - So I Bought Lots Of Gold Instead...

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  • čas přidán 26. 07. 2024
  • #Gold #silver #bank
    My first video on this topic: • My Bank Will NOT Let M...
    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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    Stay safe, stay healthy all.
    Thanks also to the channel sponsor The Silver Forum!
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    A 4k Camera & close ups of coins! What more can you want!?
    What do you think? Comment below!
    Comments welcome below or email me at byb@backyardbullion.com
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    Thanks for watching and I will see you next time!
    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.
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Komentáře • 230

  • @caseyrindal1815
    @caseyrindal1815 Před rokem +32

    Your not paranoid if they are actually out to get you.

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Ok...

    • @jakethomas1829
      @jakethomas1829 Před rokem

      casey-some might say we're already got, ie George Carlon.
      Inflation Reduction Act in USA, is Magic Monetary Theory for Climate Change Crowd.
      At least silver might catch a bid

    • @jacc88888
      @jacc88888 Před rokem

      Haha!

  • @Pierre3513
    @Pierre3513 Před rokem +20

    I’m a stacker, and I just received a message from my bank telling me come September terms and conditions are changing and basically reserving the right to tell ma how much I can spend so something doesn’t seem right,I’ve been with this bank for forty years,

    • @BackyardBullion
      @BackyardBullion  Před rokem +1

      Oof, that sucks.

    • @lessthanpinochet
      @lessthanpinochet Před rokem +3

      That's crazy but this seems to be the future of banking.

    • @jakethomas1829
      @jakethomas1829 Před rokem +7

      aw Pierre- blackrot, statestreet, vanguard, citadel and all the other players, gots rules you know?
      Rules for we and not for thee!

  • @safestackin
    @safestackin Před rokem +36

    I'm sorry the problem is, they denied you the right to freely spend your money where you wanted to spend it. At the time you wanted to spend it. MAJOR NO with me. I'm out of that bank regardless on the excuse

    • @BackyardBullion
      @BackyardBullion  Před rokem +2

      Thanks for your feedback

    • @jakethomas1829
      @jakethomas1829 Před rokem +3

      adc- you won't comply?
      No CBDC fir you till a higher Socialist Credit Score!
      Beatings will continue until morale improves.
      Carry on

    • @safestackin
      @safestackin Před rokem +1

      If they rate by credit in America I'm good enough to still walk away for the bank the tells me no. Even in cbdc hate ls to lose a customer
      ..

    • @airvicemarshalsirgeorgemas2083
      @airvicemarshalsirgeorgemas2083 Před rokem +2

      How can they contrive a legitimate reason? They would need an elebourate word salad to persuade the most naïve

    • @greg7129
      @greg7129 Před rokem +3

      Exactly !!! This fellow does not seem to have a clue to what is really going on ! Nothing to learn here

  • @properjob2311
    @properjob2311 Před rokem +16

    Natwest just sent me notice of change of terms and one is that they can pick and choose who you can make payments to and how much. its under the guise of "keeping us safe for scam". its not your money once its in the account.

    • @BackyardBullion
      @BackyardBullion  Před rokem +1

      Oof, that sucks!

    • @stevechelt1
      @stevechelt1 Před rokem +2

      I had that same Natwest notification a few days ago.

    • @apflewis
      @apflewis Před rokem

      " they can pick and choose who you can make payments to and how much."
      Similar communication from a bank I've been with for over twenty years, recently.

    • @loafersheffield
      @loafersheffield Před rokem

      NatWest did not block my purchase of some very nice, rare, numismatics. I took the precautionary measure of informing them that I would be purchasing them beforehand and wouldn't like to be embarrassed by having the transaction blocked. Their so called sophisticated security measures did not filter out 5 fraudulent transactions over 2 days. AMZMKTPLACE. It took me less than 2 minutes searching to find out that it was a scam and when I pointed this out to them, they reimbursed me with very little fuss.

  • @Karl_Burton
    @Karl_Burton Před rokem +18

    I don't think anyone said it was because of CBDCs, what people were saying was, it'll be worse with CBDCs

    • @BackyardBullion
      @BackyardBullion  Před rokem

      A lot of people were saying this is basically the foundation for a CBDC

    • @Karl_Burton
      @Karl_Burton Před rokem +5

      @@BackyardBullion Oh OK, I missed that. I don't think it is. What might be, is the number of cases where people are not allowed to take out cash.

    • @silverbladeTE
      @silverbladeTE Před rokem

      @@Karl_Burton This IS an increasing action and *conspiracy* by banks to limit withdrawals, because the banks are in deep crap from their own greed, scheming and corruption.
      It's going on across UK, USA and further, preventing withdrawals especially into tangible assets.
      See US banks suffering the biggest "bank run" in history, but, mostly it's going "under the radar" because it's a digital withdrawal run, not huge queues like in past times thus less visible,
      and, it's largely by the rich who know WTH is coming.

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Tinfoil hat alert

    • @Karl_Burton
      @Karl_Burton Před rokem +3

      @@BackyardBullion Don't forget to liken it to a flat Earth belief. People are having difficulty getting cash out of their banks. Give it a go.

  • @johnwaller4033
    @johnwaller4033 Před rokem +10

    You are not into conspiracy theory well held on to your pants mate we the poeple are waking up

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Sure they are. As they have been for the last few hundred years about everything else from aliens to flat earth and WEF. Not to mention the doomsday sayers. What happens when YOU are wrong? Nothing.

  • @aknotz
    @aknotz Před rokem +12

    You can believe what you want. But civil asset forfeiture in the US IS happening. The people at the Truckers convoy DID have their bank accounts frozen. If you think what has actually happened is a conspiracy theory, more power to you brother. Good luck in the future.

    • @abc-ye2ec
      @abc-ye2ec Před rokem

      lol byb has stacks, he is prepared...

  • @ashleymarden6927
    @ashleymarden6927 Před rokem +5

    Just watching this video- my bank( I was in the branch) would not transact a transfer to buy gold coins from a very well known dealer in London!,, they said it was necessary to verify the “ acquirer account” - before I could make a transfer with MY OWN MONEY. Wakey wakey everyone - you lend your money to the bank ! They call it a deposit. I’ve ordered cash to withdraw and will continue with my card at the wall daily until I’ve got all my money back. Don’t don’t trust them . Apologies I’m still fuming .

  • @planetzogg1
    @planetzogg1 Před rokem +11

    Failing to record a complaint... That's an ombudsman call right there. I understand why you don't want to cause a fuss, but that's a serious bank failure that needs to be flagged up. How many other people have raised complaints and they haven't been recorded, investigated and acted upon? Anyway, nice haul there :)

    • @pickashole
      @pickashole Před rokem

      We need to complain. If not, banks will see this as a green light.

  • @sang3Eta
    @sang3Eta Před rokem +8

    I have had the same problem buying crypto and gold. They say it's for our own protection but to me it looks like capital controls because even though you confirm its you, you're still blocked!

    • @BackyardBullion
      @BackyardBullion  Před rokem +1

      Its just not normal spending is all, this is fine by me if they just allow you to spend after you confirm it's all legitimate

    • @sang3Eta
      @sang3Eta Před rokem +2

      ​@BackyardBullion A number of banks defo said they were limiting people to £1000 a day or £5000 per month on crypto transactions for our own protection. Never mentioned gold, but as it's also outside the system, so I wouldn't put it past them.

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Well, then you need another bank

    • @sang3Eta
      @sang3Eta Před rokem

      Natwest, Starling Bank, Santander & Nationwide. Source: "Natwest cracks down on crypto payments: Bank limits customers to £1,000" - ThisIsMoney.

    • @lessthanpinochet
      @lessthanpinochet Před rokem

      If people want to lose money by buying magic internet money then the banks should let them. If this was about safety then why not ban cigarette and alcohol purchases? That stuff is way worse for you than any crypto. None of this is about safety at all.

  • @knottyinks1
    @knottyinks1 Před rokem +7

    NatWest stopped me buying from cardif gold bullion, they claimed that the name was suspicious!
    Nobody is talking about the 4.2billion pound bank run that I hear has happened in the uk this year. Everyone should own own a little gold, silver and bitcoin. If you haven’t got a crypto wallet set up by the time they roll out CBDCs it’s going to be difficult!!
    Most of us are now signed up to the new bank “bail in” system, be warned..

  • @longdongsilver5592
    @longdongsilver5592 Před rokem +8

    Banks are not your friend

  • @mydanshi9683
    @mydanshi9683 Před rokem +15

    You DON’T think that there’s anything sinister going on ??? 😳

    • @BackyardBullion
      @BackyardBullion  Před rokem

      No, other than incompetence I don't think there is a satanic cabal of bankers saying, no gold for the masses....do you?

    • @mydanshi9683
      @mydanshi9683 Před rokem

      @@BackyardBullion Yes, there’s a Satanic cabal of bankers and that’s not the half of it. (The Creature from Jekyll Island by G. Edward Griffin) Just the news about Jamie Dimon and 47 million emails deleted to cover up JPMorgan’s support of child trafficking plus their extremely sketchy history with Bernie Madoff has got to make you wonder. And their record $920 million fine for spoofing the silver markets. I think they try to make sure the ‘little people’ are ignorant about gold and silver. You have to have broken free of the mainstream to appreciate it. That’s why I was surprised that you haven’t dug into the subject. Your experience isn’t an isolated incident, they are definitely discouraging metals purchases. I hope you don’t have any further trouble.

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Take the tinfoil hat off, it might help the old brain breathe.

    • @monsterhuntervideos4446
      @monsterhuntervideos4446 Před rokem

      ​​​​​​​@@BackyardBullionWhy not. Do you honestly think the people who control finance at the highest levels (The most rich and powerful people in the world) want ordinary people to operate outside their banking system and have more financial freedom from them? Are you serious? They want joe average to be slaves to that system. The borrower is slave to the lender. That's how the world works. It's actually you who need to take the tin foil hat off. You seem to believe that people are generally honest and have no agendas. The US literally made owning and buying gold illegal in the past, so banks making it difficult for you to buy gold is easy and totally possible by comparison.

  • @michaelf6705
    @michaelf6705 Před rokem +3

    Just the fact they are denying you should be proof enough, they are conditioning you to just accept whatever they tell you.

    • @BackyardBullion
      @BackyardBullion  Před rokem

      No, not at all. They are incompetent, so incompetent they couldn't do what you claim they are even doing!

    • @michaelf6705
      @michaelf6705 Před rokem +4

      @@BackyardBullion Go ahead drink the Kool-Aid I'm not arguing with you.

    • @livingart2576
      @livingart2576 Před 8 měsíci

      @@michaelf6705”drink the cool aid” eh?? . Go back to your flat earth where space is fake and vaccines contain microchips and fluoride is used to make us dumb. Watch out for giant space lasers starting fires in Hawaii whilst simultaneously not using 5G and whatever you do don’t stand under a Chem trail! 😂🤣

  • @stephenparker5241
    @stephenparker5241 Před rokem +14

    Sorry sir your card has been blocked from Bertie Bobs Butchers because we believe eating meat is contributing to climate change, try a salad instead 😂😂😂

  • @Bowel.Complaint
    @Bowel.Complaint Před rokem

    Professional intro to the builders soundtrack there Mr BYB...made me chuckle!

  • @Daveyengland
    @Daveyengland Před rokem +5

    You’re in for a shock… you act all high and mighty with your gold and silver stacking… but if there’s no conspiracy against us and our fiat currency, then why do you stack precious metals? Surely that makes YOU a conspiracy theorist? You’re in for a shock..

    • @BackyardBullion
      @BackyardBullion  Před rokem +1

      And so are you when you are wrong again and again and again

  • @Swabian_sawman
    @Swabian_sawman Před rokem +2

    Hi from Germany:
    Here also you can get the quarter ounce at some dealers. I also was very surprised.
    Best wishes

  • @watcherofthingsandotherstu9623

    My credit union threatened to remove my 1.75% cash back benefit from my credit union-issued credit card last year if I persisted in using it to purchase from bullion dealers. However, the wording they used in the letter they sent was “gift card purchases”. I had to call them to verify that it was the bullion purchases that caused a red flag. For some reason, they didn’t want to admit it was the bullion purchases in writing. I’m actually proud that my credit union recognizes that precious metals are currency, even if they won’t publicly admit it.

  • @timduck8506
    @timduck8506 Před rokem +2

    When we deposit money in the Bank it is no longer your money the deposit itself is a liability owed by the bank to the depositor. Bank deposits refer to this liability rather than to the actual funds that have been deposited. When someone opens a bank account and makes a cash deposit, they surrender the legal title to the cash, and it becomes an asset of the bank. In turn, the account is a liability to the bank. The bank can decide weather or not to let you have some of their money as part repayment of the liability. But in general it's £300-350 cash a day or 48hr minimum for anything bigger.

    • @HOSPlTALLER
      @HOSPlTALLER Před 11 měsíci

      well after the Nigel Farage issue I transferred 1/2 of my bank owed liability away from NW to another bank and will use the rest on Gold.

  • @dwingsworld2581
    @dwingsworld2581 Před rokem +1

    Beautiful pick ups!

  • @darrengosling3477
    @darrengosling3477 Před rokem +5

    Atkinsons my go to, great dealer

  • @dagriffster
    @dagriffster Před rokem +1

    Got my sovereign from Atkinsons, they were slightly less on chards but with postage it was more than Atkinsons. My first Sovereign and a great version to buy being crowned. Sadly my budget only stretches to crowned silver Britannia's but still nice.

  • @nickgardener5802
    @nickgardener5802 Před rokem +2

    Just getting an order together for a few crowned coins and Tavex are miles ahead on pricing and lower premiums. Certainly worth a peek. The old school dealers better be upping their game.

    • @greyhound7892
      @greyhound7892 Před rokem

      Also just found tavex,best prices so far.while the shipping box is not the priority Tavex presentation box with orders is so nice,I'm collecting the sweets they send also.

  • @pip6866
    @pip6866 Před rokem

    Was that the Coronation bullion britannia in your video. Did you manage the get one. 10000 limit.

  • @christianmungo2342
    @christianmungo2342 Před rokem +9

    Naive 😁

  • @roygbiv6704
    @roygbiv6704 Před rokem

    BYB, you're doing the right thing. Facts. No point point dragging anyone's name through the dirt yet. When you know beyond reasonable doubt, have the confidence to open up 👍

  • @Basileios1974
    @Basileios1974 Před rokem

    Congratulations! Your new coins look truly amazing! Especially the Britannia with king Charles crowned portrait.
    No problems buying bullion so far. I had a little problem with security measures at eBay but this could be fixed quite quickly. Now that I know there shouldn't be any more problems.
    The only one (apart from budget constraints) that might want to prevent me from buying more billion is not my bank but my wife...😇

  • @harryzero1566
    @harryzero1566 Před rokem +2

    I bought just 2 gold coins from bullion by post, one of them being a 2002 proof double sovereign, still the star of my collection.
    Then they started wanting to gathering data, haven't used them since.

    • @BackyardBullion
      @BackyardBullion  Před rokem

      That sucks

    • @lessthanpinochet
      @lessthanpinochet Před rokem +1

      That's disappointing. I bought bars from them last year with no issues. KyC checks are getting out of control.

  • @SilentSilver24
    @SilentSilver24 Před rokem +1

    Very sweet pick ups...

  • @borisperez3129
    @borisperez3129 Před rokem

    Nothing, absolutely nothing justifies any bank restricting access to my funds. I had UPS “loose” some ounces of gold headed my way, o say it was stolen. I don’t mince words

  • @Steve-AU-AG
    @Steve-AU-AG Před rokem +1

    Nice looking coins!

  • @italianstallion701
    @italianstallion701 Před rokem

    Because they didn’t raise a complaint at first notice, you can go all the way to final resolution and ombudsman and you will come out on top with good compensation.

  • @barneybiggles
    @barneybiggles Před rokem

    Q. Is a mintage of 70 coins a good investment I have number 007?

  • @chrislumb963
    @chrislumb963 Před rokem +1

    Hi BYB, did you try the 1% cashback with your bank card when purchasing from Bullion by Post? Was wandering if it works with them. I too have got the cashback from Atkinsons (using my card from a large American bank!) but would like one of those 1/4 ounce coronation coins and will use a credit card if I cant get cashback from BBP.

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Yes actually, I did get cash back at BBP too!

    • @chrislumb963
      @chrislumb963 Před rokem

      @@BackyardBullion Oh thats great, many thanks for the reply!

  • @steffenmoss7119
    @steffenmoss7119 Před rokem

    I may of asked this before but whats better to stack, older coins like vic shields or limited edition proofs long term ?

  • @PeacockRhino
    @PeacockRhino Před rokem

    I think the Royal Mint have done a really good job with the coronation range. They’ve minted some really nice coins for the occasion. The only question is when they will go back to ‘normal’ after the jubilee, Queen’s memorial coins and now the coronation!

  • @drip369
    @drip369 Před rokem +2

    I told you hahaha they can set up programs to stop certain things but everything else still needs a teller to approve or disapprove

  • @t-roy2198
    @t-roy2198 Před rokem +2

    Its normal! Walk away from that bank swiftly

  • @richardperry5538
    @richardperry5538 Před rokem +3

    I mentioned this happened to me a few months ago with the Royal mint, my purchase was blocked and I had to get my bank account unblocked which they did, I do recall around the same time whilst I was on the Royal mint website that I read that anyone banking with the banks listed should contact their bank before purchase but it didn't really give a reason as to why, my bank was one of the ones listed so there's seems to be a problem with said banks and the Royal mint. I then placed another order with the Royal mint again a few days ago and it happened again and I had to get my card unblocked for a second time.

  • @mariwillalwaysgivethanks

    I wouldn't keep my funds in that bank anymore, but imho, you are just going to waste your precious time taking this issue further with them... Like you said; they are in control of their bank regulations and they do what they want. Chase bank in the US won't allow PM metals....it's the big banks that are doing this and taking down the little banks.

  • @properjob2311
    @properjob2311 Před rokem +2

    my order from Atkinsons has not arrived yet. anyone else got there's yet?

    • @BackyardBullion
      @BackyardBullion  Před rokem

      They are probably working through a massive backlog. Give them time.

  • @dleetr
    @dleetr Před rokem +13

    I'd say don't name the bank, unless it gets even more irritating. There are legislative requirements pertaining to complaints made to financial institutions which the banks have to abide by. They can be investigated if they're not in compliance. Your next step is usually to lodge a formal complaint. Perhaps do this through a branch.

    • @BackyardBullion
      @BackyardBullion  Před rokem +2

      Thanks, appreciate it

    • @MM12684
      @MM12684 Před rokem +7

      They’ve investigated themselves and found no wrongdoing 🤷‍♂️

    • @BackyardBullion
      @BackyardBullion  Před rokem +2

      Probably!

    • @dleetr
      @dleetr Před rokem +1

      @@MM12684 lol.

    • @Paul-nu7nj
      @Paul-nu7nj Před rokem +1

      formal complaint won't help, they're all in on it and the government protect their schemes, they own the government

  • @Cobrastacker
    @Cobrastacker Před rokem

    I ordered the 1/4 cypher but was defo dubious because it was no where else

  • @richieflesfadar6893
    @richieflesfadar6893 Před rokem

    I was hoping the Royal Mint was going to put out a 1/4oz gold cipher coin (disappointed when they didn't)... even more disappointed that Bullion by Post has them...
    they don't ship to Australia so I can't get one 🙁

  • @Bojko1970
    @Bojko1970 Před rokem

    In Poland banks have the "law" to ask customer what he need the cash for. How is in your locations?

  • @saltymemesmith
    @saltymemesmith Před rokem +2

    Nice items.
    Agreed your bank issue is normal, happening every day to millions.
    Not connected to any future issues.
    Your views of the world is currently incorrect but it appears you're not far behind being said wish you the best.

  • @mysterybuyer3738
    @mysterybuyer3738 Před rokem +2

    I dont even like it when the bank cancels a transaction because they fear the purchase was not normal for my spending habits. I want them out of my business and thats going to mean going unbanked.

  • @bulletholeteddy9223
    @bulletholeteddy9223 Před rokem

    Bullion by post usually has quite a wide selection, it's usually not the cheapest but if you did want something odd they're probably most likely to have it

    • @HOSPlTALLER
      @HOSPlTALLER Před 11 měsíci

      Yup, never did me wrong - low prices are worthless if they can't get stock.

  • @RaithUK
    @RaithUK Před rokem +4

    You seem very naive about what is going on in the world. Santander still to this day block my transactions with royal mint.

  • @Silver_Specter
    @Silver_Specter Před 9 měsíci

    And this is why i say to only buy metal with cash

  • @robertmcclay3998
    @robertmcclay3998 Před rokem +2

    Maybe the banks don’t trust the mint, due to what HenryVIII. Did with the metal content in the coins of the day.

    • @BackyardBullion
      @BackyardBullion  Před rokem +1

      Yeah, 500 years is just not long enough be careful about this....wow

    • @robertmcclay3998
      @robertmcclay3998 Před rokem +2

      I have a digital account and I have had issues with debit card payments and bank transfers. My bank has also made reference to the mint being a suspect site, though in another conversation I had with them they denied making that reference

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Fair enough!

  • @boomer39399
    @boomer39399 Před rokem +2

    Why cite it is a conspiracy theory when it was factual? The bank blocked you from making a purchase using your own funds, despite confirming directly that you authorised the transaction. No further evidence needed?

  • @chrisoldfield8867
    @chrisoldfield8867 Před rokem +2

    My Coronation sovereign arrived from Atkinsons today
    Very nice coin and I prefer Charles with the crown on tbh
    Good to see the quarter ounce actually exists as I was a bit dubious when it wasn’t on the RM website and only BBP

    • @BackyardBullion
      @BackyardBullion  Před rokem

      They are lovely coins!

    • @properjob2311
      @properjob2311 Před rokem +1

      still waiting for mine and no notification of shipping yet. should i be concerned yet?

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Give it a little time, then contact them

    • @cmcnally99
      @cmcnally99 Před rokem

      Just wondering how atkinsons can be quite a bit cheaper than royal mint?

    • @HOSPlTALLER
      @HOSPlTALLER Před 11 měsíci

      @@cmcnally99 no idea but I like them.

  • @Bourne1984
    @Bourne1984 Před rokem +1

    I have the coronation sovereign arriving Monday.

  • @ukcml
    @ukcml Před rokem

    The state requires banks to report suspicious activities or otherwise risk their licence. The banks in turn report all transactions so not to fall foul of that requirement, so the state gets to see all transactions (big data/monitoring etc.). Banks are also under a requirement that they shouldn't make the individual suspicious that they're being monitored, so there's a timeout period. Bank flags a transaction, if the state doesn't respond within a given timeframe that's considered as the transaction having been approved. Some transactions however trigger a investigation and typically a phone call with the individual to ask what/where/when etc. but that's not the actual bank staff, they can't access your account to release a transaction, are mostly using lie detection and other methods to potentially identify laundering/fraud. Flip banks and you could still end up with the exact same issues. Best to have multiple account as you have, as in some cases all your transactions via a single bank might be blocked. A big state gamble really, if too many become P'd off with Pounds and a popular alternative rises, that torrent of outflow from Pounds to a alternative could become irreversible, crash the Pound and induce very high inflation.

  • @noelchalmers5590
    @noelchalmers5590 Před rokem +2

    I think our rather pompous friend made this whole story up

    • @BackyardBullion
      @BackyardBullion  Před rokem

      I think this pompous commenter just got him self a one way ticket to the ban bin. Idiot troll, bye bye.

  • @ianbird7444
    @ianbird7444 Před rokem

    The mint has released a 1oz 1/4oz and a 1/10th ,where is the 1/2oz ???? And the 1/4oz mintage is 20k from what I've learned

  • @cmcnally99
    @cmcnally99 Před rokem +1

    Can someone explain how Atkinsons manages to sell sovereigns for around £377 whilst the royal mint sells them for over £400?

    • @BackyardBullion
      @BackyardBullion  Před rokem +2

      Because Atkinson's buys them at wholesale price and the royal mint rips off customers

    • @cmcnally99
      @cmcnally99 Před rokem

      OK thanks for reply. I was thinking of buying from Atkinsons for first time.

  • @martinmowbray4304
    @martinmowbray4304 Před rokem

    You’ve just got blinkers on and you can’t or won’t see what’s happening.

  • @seminumismaticguy8575
    @seminumismaticguy8575 Před rokem +1

    Wish people would read the reports from treasury and the bank of england and others then explain with facts why im wrong , rather than beem rude or deleting .

  • @MENSA.lady2
    @MENSA.lady2 Před rokem

    2023 Britannia. I hope you got the error version showing QE2, she died in 2022 so no more will be made. Assuming he survives a few years the KC3 version will be more common.

  • @GamingBear_Q_E_D
    @GamingBear_Q_E_D Před rokem +3

    Opinion wise I would have said because with only 20k subs I would think that as you say telling the truth and naming a Bank which did something like this at the time is factual and can not get a pushback due to being factual.
    Personally one of my banks NatWest did the same a couple of months ago and I would have called them out for doing it but as you said there are other banks, this last purchase of mine through NatWest went through fine .. so previously bad, now currently good .. both are facts and instances of showing their factual behaviour on purchasing from the Mint at two different times and with two differing outcomes.
    If they kept doing this then I would use other banking routes to buy from the mint!

  • @davidbarker954
    @davidbarker954 Před rokem +1

    Its unfortunate. Sometimes I look at things people say have happen to them, and think what on earth is going on. Its easy to scream and say that's a conspiracy etc., but sometimes and I am not referring to your particular case when you actually delve deeper and look at more of the facts behind the actual occurrence, it sometimes is a quite genuine reason why this and that happened. A recent example is when everyone was sounding off about they went to the bank and couldn't withdraw the £5K in cash they wanted to and they start screaming about its their money and they should be able to withdraw the cash whenever they want albeit the fact that actual cash withdrawals from the bank have decreased in huge amounts with everyone going contactless or online purchase and therefore the requirement to actually hold cash in huge reserves in the bank is a thing really of the past. Whilst I don't really the trust the banking fraternity one iota, you have to consider that holding huge wads of cash within each branch (x 1000s of branches) is a pointless exercise in the same way that shops and builders merchants don't hold huge piles of items in each store, holding them at centralised depots with easy distribution to where the specific demand is. Within a day of the videos showing about the failure to draw cash drew 1000s of people screaming conspiracy about the BB without actually looking at the subject in a reasonable way. Thankfully you have not succumbed to the hysteria way of viewing your experience.

  • @Tony-gu4sz
    @Tony-gu4sz Před 11 měsíci

    Legitimate or not legitimate, the banks have no right to choose where I spend my money. I have also been stopped by my bank whilst attempting to purchase gold... I couldn't give a toss about defamation laws...... It was NATWEST!!!!!!

  • @HOSPlTALLER
    @HOSPlTALLER Před 11 měsíci

    Chards... never seem to have much in stock.

  • @daveS3441
    @daveS3441 Před rokem +1

    Next time you should offer the workers a cup of tea right before you start recording LOL

  • @GamingBear_Q_E_D
    @GamingBear_Q_E_D Před rokem +1

    Sadly I could only afford those in Silver .. they are lovely, mine arrived this morning along with the 2023 Coronation Brit's and more regular Brits, a fun day today .. Sadly I can only afford sovereigns to go with silver Brits at the moment!

  • @mottojojo1000
    @mottojojo1000 Před rokem +1

    I was denied by my bank to make payment to Bullionbypost for the purchase of a pair of 1/4 oz Royal Cypher.

  • @AmericanHinoki
    @AmericanHinoki Před rokem +5

    Your wrong, it is insidious and it is all about control.

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Of course it is, what proof do you have? None

    • @HOSPlTALLER
      @HOSPlTALLER Před 11 měsíci

      @@BackyardBullion are they not seeking to control what you can buy with your own money?

  • @MacauCheers
    @MacauCheers Před 10 měsíci

    1/4 coronation coin: 20,000

  • @michaelf6705
    @michaelf6705 Před rokem +1

    Just go to the source material, and they boldly proclaim it, so why be in such denial.

    • @BackyardBullion
      @BackyardBullion  Před rokem

      You have obviously miss read everything

    • @michaelf6705
      @michaelf6705 Před rokem

      @@BackyardBullion I said source material, not what others say. If They say they will control what you can buy such as guns and ammo etc, I'm going to take them seriously. Perhaps you should do more research. I'm watching them say it on video not in print.

  • @crystalsheep1434
    @crystalsheep1434 Před rokem

    Well i know paypal restrict what sorts of items you can by with paypal

    • @HOSPlTALLER
      @HOSPlTALLER Před 11 měsíci

      their happy enough with you going on Temu and buying a boat load of rubber dongs though.

  • @mrme3717
    @mrme3717 Před rokem

    Here's a quick primer on what's wrong and what to do about it.
    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.

  • @nelsonvaz3362
    @nelsonvaz3362 Před rokem

    I will name the bank, specially when they didn't record your complaint.

  • @darrenhudson5503
    @darrenhudson5503 Před rokem

    This isnt just your bank doing this...other banks are as well...blocking transactions...just to say
    When i buy from chards it is isnt flagged...other companies come.up as a possible issue

  • @georg3besti3
    @georg3besti3 Před rokem

    human error vibes
    banks shm get gold silver and land

  • @dleetr
    @dleetr Před rokem +1

    There's a quarter ounce!!

    • @BackyardBullion
      @BackyardBullion  Před rokem +1

      Oh yes there is!

    • @dleetr
      @dleetr Před rokem +1

      @@BackyardBullion lol it 86'd my reply. I must remember to break them into two parts. In short. B by post probably have an early release deal. And I'd love for the coronation proof design in bullion.

  • @CMenzy
    @CMenzy Před rokem

    Like I said previously I hope you have now left that bank and give your premium fees to another bank

  • @365DaysofSilver
    @365DaysofSilver Před rokem +2

    CBDC made you buy all these coronation coins!

  • @SilverSaucerior
    @SilverSaucerior Před rokem

    👍

  • @karlwarpy
    @karlwarpy Před rokem

    There cannot be a legitimate reason.

  • @davidboyd4026
    @davidboyd4026 Před rokem +1

    😊

  • @robinhalbert416
    @robinhalbert416 Před rokem

    You better watch out. Telling you what you can and cannot purchase. Take out cash and purchase with cash. That way they dont know what you have and cannot tell you what to purchase .

  • @stephenparker5241
    @stephenparker5241 Před rokem +1

    If you are given cash back on card payments and you've already ruled out Santander in previous comments im hedging my bets with
    TSB
    Halifax
    Chase
    😂😂😂

  • @crystalsheep1434
    @crystalsheep1434 Před rokem

    Hm

  • @nates4310
    @nates4310 Před rokem +1

    They’re not done are they? 😂

  • @jockmahon
    @jockmahon Před rokem +1

    why do you think sovergins are the best

  • @111kenni
    @111kenni Před rokem

    Please do not get Nigel Faraged!

  • @Karl_Burton
    @Karl_Burton Před rokem +1

    Oh please name them (and dump them)

    • @BackyardBullion
      @BackyardBullion  Před rokem +1

      Eventually

    • @Karl_Burton
      @Karl_Burton Před rokem

      @@BackyardBullion That was me not waiting until I'd watched the whole video again. 😀

  • @MENSA.lady2
    @MENSA.lady2 Před rokem

    Well done. I hope you closed the account and moved your banking elsewhere.

  • @cairpreliffechair832
    @cairpreliffechair832 Před rokem

    Yeah, do not mention the bank. This is personal issues, and you are grand on promotion of precious metals, better stick with that. Let other less quality CZcamsrs risk the defamation. I never believed it was personal and just incompetence laid bare. A good lesson to learn no matter what! Multiple financial institutions are a sound strategy.

    • @BackyardBullion
      @BackyardBullion  Před rokem +1

      Thanks a sage comment for a change. The crazies are still out here on my comment section

  • @jducky3643
    @jducky3643 Před rokem +1

    forget the banking woes .... they are beautiful coins 😍 p.s i am a conspiracy realist 😂🤐

    • @BackyardBullion
      @BackyardBullion  Před rokem

      Amazing, faith in humanity restored

    • @jducky3643
      @jducky3643 Před rokem

      @@BackyardBullion George Michael said it best .... you gotta have faith 😉... he also said and did a few other things best not to comment about 😆

  • @shimsteriom4191
    @shimsteriom4191 Před rokem +2

    😂😂

  • @livingart2576
    @livingart2576 Před 8 měsíci

    So many idiots in the comments it’s frightening. 🤣🤣🤣🤣🤣

  • @tofubadguy
    @tofubadguy Před rokem +1

    Learn something substantial about history. You'll change your mind about whether something sinister is going on or not. Sounding a bit naive for now.

  • @devilgod136
    @devilgod136 Před rokem +2

    I haven't received mine yet. :(

  • @agileminded7949
    @agileminded7949 Před rokem

    There's no point naming the bank even though you kind of wink nudged in your reply to my comment to that previous video. I'll stay shtum also because like you said there are consequences for yourself and like I said previously that all or most other banks will pull similar moves on us the customers anyway. It must be nice seeing the good in ppl and companies of this world, but some of us have seen/experienced enough to be wary of the nefariousness that the world and ppl are capable of. Those crowned Charlies do look tidy mate.