As the Daily Mail headline shouted – “What does it mean to save” – let’s take a closer look at what the noise is all about in recent documents and what can be done to create a fairer and more useful playground for thrifts. . Consider that I’m not a skilled investor, but I have experience making money from Forex Trading, and in 2006 I saw a great opportunity to take advantage of gold bullion price changes to make a lot of money.
If you look at the NS&I website, you’ll see that they advertise like “A piece of cake” and “Open your account for just £ 1 and enjoy easy access to your deposits,” but let’s look at some cool facts.
If you are an economist who saves £ 100 a month on this scheme by earning 1.5% per annum for every £ 1,000 invested in 12 months, you will receive £ 15 per cent in interest.
However, if inflation eats up the spending value of your money at around 2% per annum, the £ 1,000 savings will actually lose £ 20 of your spending power, so your “savings plan” has actually lost £ 5.
Looking at this in more detail, we know from The Telegraph recently that there are millions of savings in this scheme, so let’s say there are at least 100,000 subscribers saving £ 1,000 or more a year. I do this up to 100 million pounds.
At the government level, this amount can easily be sold in the foreign exchange markets, and I understand that there is such a Trade that can pay up to 100% every 90 days. (See my own rewarding Forex experience above, and it used to be only a few hundred pounds as my share money).
The problem with virtually any savings scheme based on any FIAT currency is that its value is based on something other than the promises of the Government that gave it (e.g., the Pound, the Dollar, the Euro, etc.) and, as such, is sustainable. depreciates due to persistent inflation.
However, if you want to replace part of your FIAT currency with Gold Bullion on a regular basis, I believe it will take a completely different picture. Look at some of the figures below, which show what the price of gold bars is between 2000 and 2020.
Between the beginning and end of 2006, Gold rose from £ 9.78 per gram to £ 10.17 per pound when I first joined Forex Trading and traded DEATH in Gold, unlike the catastrophic real estate investment activity of the time. due to unregulated loans.
By the end of 2019, the price of a gram of gold reached 38.89 pounds.
At least with Gold, you can decide what price to sell it for, if the price isn’t right for you, don’t sell until then. (Or just sell what you need to survive).
Instead of investing £ 100 a month in the NI&S, sign up for a FREE account with something like the Karatbars, and if you decide to exchange your inflation-stricken FIAT currency for 2.5 pounds of Gold Bullion at the end of £ 100, you’ll have about 30 grams of gold a year. Although the value is a bit low after 12 months, you know that its historical trend is always NO.
Now if I dare to mention the words “Network Marketing” and you believe that all network marketing opportunities are Pyramid or Ponzi scam scams, please don’t read more. (If you’re still here) – I think you can see the great advantage of exchanging part of your FIAT currency for gold bars.
If you think that saving Gold Bullion is very beneficial for your wealth, and it is wrong to tell your friends, family and business partners about it, because it is not worth it to be a customer in this saving opportunity? After all, you do not “sell” anything to them, you just share your destiny.
As long as you are involved in this savings scheme (putting your money where your mouth is), why not help everyone you know do the same thing? Why not use your FIAT currency a little more to upgrade from just one “customer” to one of the various companies offering this service to become an “Independent Partner”?
As an independent Karatbars partner, when you engage your friends and family in this network marketing opportunity – where you don’t sell anything – you can simply exchange Fiat currency, which is as inflated as you can get in touch. gold bullion – this is a gain for all interested parties.
When making your choice, make sure that the company you choose also has its own gold-backed cryptocurrency. Like many people, when Bitcoin was put up for sale in 2009, I thought with suspicion, burning my fingers with the property I had deposited back in 2007, even though each sold for a few dollars, and I probably moved away from what I had. the greatest opportunity of a lifetime.
These newly fangled coins sold for around $ 20,000 each last year and weren’t even Gold Supported. So consider the opportunity if a new, unique gold-backed cryptocurrency is released in the market.