What is Going On? Three Separate Coin Shop Owners Shocked as Their Bank Accounts Suddenly Shut Down with No Reason Given (VIDEO)
Three separate coin shop owners have found their bank accounts suddenly shut down without any prior notice or explanation from their financial institutions.
Bank Shuts Down ‘Silver Stackers and Gold Stackers’ Shop’s Business and Personal Accounts
An Ohio-based coin shop owner recently took to YouTube to share alarming news: His regional bank, with whom he has been a customer for years, has suddenly decided to sever ties by closing all six of his business and personal accounts.
The coin shop owner, who operates a coin shop dealing in silver and gold, received certified letters from his bank stating, “After a recent review, we have decided to end our relationship with you and close your accounts… As stated in your account agreement, we can close your account at any time, for any reason, with or without notice. We will begin our closing process on September 6, 2023.”
What’s shocking is that the bank has declined to provide any reason for their abrupt decision, leaving the owner and his family in the dark. The letters came without prior notice, affecting multiple accounts, including those belonging to his children and wife.
https://www.thegatewaypundit.com/2023/09/what-is-going-three-separate-coin-shop-owners/
Side question for silver stackers: How much silver, in troy ounces, would be considered a safe amount to have on hand if the currency collapsed to zero value?
Over the years I've heard all kinds of wild-ass guesses... 100 troy ounces to 2,000 troy ounces. What is realistically considered an amount to have on hand if TSHTF?
I've watched this question a lot and so far the consensus seems to converge on- as much as you can safely handle, after you've taken care of the necessities. Rationale is, it won't mean a thing if you're starving or unsafe, no one knows the length of time the Troubles will last, but precious metals have been artificially undervalued for a long time (so should be worth more on the other end of the dark tunnel).
Always on the lookout for more info, though, so I want to see more answers too.
Agree with this sentiment - my only addition would be to only buy what you can safely afford, after accounting for emergency fiat expenditures and some survival necessities. Don't get into a situation where you have to sell some of your stack off for fiat again (easier said than done, I know) :(
Gold and silver are God's money and the only form of honest money we have, which is why civilization has valued them for the last 5000 years. ~1/10 of an ounce of silver was a day's wage for a Roman soldier and he could easily support a family and housing off of that. The G/S ratio has been historically around 15/1 silver ounces to gold ounces, so there is strategy in stacking both. The amount of "value" a person can store in a few gold coins tucked away in a baggy (easily hidden and transported) versus having a pile of silver sitting in a safe (which can be broken into or stolen) shouldn't be overlooked.
But, silver right now is currently the better buy versus gold so the amount of value you trade for converting your fiat is far greater buying silver. G/S ratio seesawing between 80-90/1 the last few years.
We have to return to a bimetallic system of money (not "metal-backed" currency and certainly not fiat "by decree") in order to restore power to the people.
I wonder... gold coins like yen, small and with holes in them, covered in something to make them look like copper, brass etc, strung on a cord as a bracelet. I'm sure it's been done.
Depends on your risk factor.... but it is a good idea, to help mitigate thieves. I like stuff with mint marks, personally, sovereign or private.
At some point, an amount enormous enough to become a warlord, because at some point your use of gold and silver will attract enough attention that you will need to hire and maintain a large staff of goons to maintain control of your stack.
Heh, I have actually been thinking along those lines. Enough to outlive the poorly prepared and take what else I need from the dead.