Commodity Trade Mantra

Posts Tagged ‘Bail-Ins’

Nothing will Respect You like Gold does - Invest in Gold, or Prepare to Fail

Naively treating anything other than gold like gold is the first step in financial mismanagement. Nothing is like physical, allocated & segregated gold. For a start it is all yours. Depositors should be aware of their country’s requirements when it comes to keeping their money safe in the banks. Gold is the financial insurance against bail-ins, political mismanagement & overreaching government bodies.

Why Gold Will Benefit From The Alternative Fact of the Cashless Society

Negative interest rates & bail-ins will only work if cash cannot be removed from the system. The threat of a cashless society is seemingly greater than ever. Going cashless will not rid us of people & organisations who wish to commit horrific & illegal acts. This will no doubt drive up demand for tangible currencies such as gold and silver which should be held outside of the banking system.

The War On Cash: Officially Sanctioned Theft

Why are governments suddenly declaring war on cash, the oldest officially issued form of money? Governments say – Physical cash has the potential to evade both taxes. The real Reason: Physical cash can evade officially sanctioned theft via bail-ins and negative interest rates. In short, physical cash is extremely difficult for governments to steal.

Bail-Ins Coming – EU Gives 11 Countries 2 Months To Adopt Rules

This bail-in legislation which is being driven by the BIS through the Bank of England, ECB, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) appears designed to protect banks by allowing them to confiscate deposits to prop them up rather than the noble stated objective – “to shield taxpayers”.

Gold and the Ghost of Bail-Ins Past

Last week Germany reminded us that large deposits are going to be subject to bail-ins if a bank fails. The ghost of the Cyprus bail-in may be returning to the financial stage. Europeans might be buying physical gold from concerns over the financial health of Portugal’s Banco Espirito Santo.

Bail-Ins Approved By EU Yesterday - Deposits Over €100,000 Vulnerable

“Bail-ins” enshrined in the 2 laws, means bank’s owners – shareholders, creditors – bondholders & depositors, will be first in line to absorb losses banks will incur, before outside sources of finance may be called upon. Laws also require banks to finance reserve funds to cover further losses, only after bail-ins have been used.

The 9 Key Considerations To Protect Deposits From Bail-Ins

There is an assumption and not a guarantee that in the event of bail-in, only bank deposits of over some arbitrary figures would be vulnerable. It may opt to protect deposits over a lower amount – It is also important that those diversifying deposits do not jump out of the frying pan and into the fire.

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