If you enjoyed this video please like & subscribe. Mentions: โโ @CPMinvest Article: https://www.cnbc.com/amp/2023/10/05/uks-metro-bank-shares-suspended-multiple-times-after-plunging-more-than-25percent.html Stackers Social Telegram Group: https://t.me/+k4Fp1buWSTViZWVk 365 Club Members: โโ @thestackcollector โโ @shashankgolikeri132 โโโ @TheSilverStacker. ย โโ @THECRANKYONE โโ @tredici72 โโ @Cobrastacker โโ @TuliTuli_ โโ @SyTheSoundman โโ @garycrawford2622 โโ @TheTigerStacker โโ @MrKiwi13605 Join the 365 Club here: https://www.youtube.com/channel/UCL8fXEe9gziNVGlSJEMyPow/join Buy me a Cฬถoฬถfฬถfฬถeฬถeฬถ Whisky: https://www.buymeacoffee.com/365DaysofSilver 365 Merch Store is now live: https://365-days-of-silver.myspreadshop.co.uk Insta: https://www.instagram.com/365daysofsilver/ The Silver Forum: https://thesilverforum.com PO Box Address: 365 DOS PO Box 892 BEDFORD MK45 9GJ For all business enquiries please email: 365daysofsilve[email protected] Have a nice day! #metrobank #bank #preciousmetals
Another bank closing, are your safety deposit boxes really safe?!
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Only safe deposit Iโd trust is one thatโs in an independent vaulting company. They are out there and you arenโt depending on a bank that way.
FBI raided a Hollywood private safe deposit box company not sure if its the same as a vault company.
I would never trust to place metals away into any vaults
Good video. I have mixed emotions about vaults. but banks and safety deposit boxes. definite no no. Vaults. could be safer but some of the same risks. Keeping at home, may have to shoot and kill someone who invades. Sad but true. No perfect answer.
I agree Tiger, and itโs each personโs personal preference. I just prefer to be in control of my metals and like the idea of being able to access them fairly quickly if needed.
Unfortunately we are getting there, we all know where….๐
Empty the banks.
SWP Cayman islands are the best if you can’t physically hold your metals. I’ve used them for a few years. Very good and no problems. All the major players bank there.
Sounds like you work there or hold shares in the company lol. Welcome to my channel mate.. tell me more
I don’t work for them. I store my metals with them. After a few years of research, I tried them out and this company have been excellent. This advice is only for people who don’t have the means to hold their metals themselves. However, they will deliver to your door if needs be.
@365 Days of Silver
I think that the issue here is not how well things like vaulting services work during good times but during times of great upheaval and stress where banks and other
financial institutions are failing left, right, and center. Think in terms of how well it would work during a Great Depression scenario or worse. Having someone else
hold my wealth at such a time does not appeal to me AT ALL and thinking about this is the very time that I would want my metals and preps to be readily at hand.
@edb3877ย Agreed. All your points are valid. Swp is not a financial institution or bank. As I said. They’re the best in the business if you can’t hold metals with you.
I’m not worried. I keep hardly any money in the bank. Just my Bills money for the Month and my Monthly allowance I give myself. Everything else in Invested. Brilliant video mate. Like 62!
Love this comment. Your mindset is something I only learnt in my 30s and youโve already mastered it in your 20s!
@365 Days of Silver Thankyou mate!!
A bank holding my physical is no good for me nowadays.
They could just decide to bail me into their failure.
If you dont hold it, you don’t own it.
Isnโt half the reason people are into PMs is because they donโt trust the establishment and want to be, to some degree, their own central bank?
100% Joe x3 so it really blows my mind that people want to put it back in the system
@365 Days of Silver the madness, lies and machinations of the past few years, as well as the precarious finances of banks and leading countries, have completely blown my trust.
@365 Days of Silver Those who would do that are blissfully unaware of the fact that the system is as fragile as it really is, so don’t see any need to
fix what they perceive not to be broken. They are wrong about that and it likely will cost them dearly at a time when they simply cannot afford it.
I’ve got a tin foil hat theory for you.
Silver will never reach crazy highs as industry wont allow that due to it being so vital.
We’ve all heard rumours about rebasing and the gold / silver ratio being brought down. However and much to my disappointment, rather than silver going up, gold is coming down. OK silver is coming down too at the moment but i predict it will go up a wee bit, but not too much to hurt industry.
S & G prices are manually manipulated so this can happen.๐ค๐ค๐ค
I like it a lot, I really enjoy reading comments that get the brain thinking and I do have to agree! It makes more sense for silver prices to be lower due to how many industries use it everyday! Itโs actually a great topic for a future video so thank you!
โโ@365 Days of Silveryou’re welcome and thanks for providing such great content ๐.
The more you think of it the more obvious it is.
As renewable and environmental industry grows more Silver is needed. There’s even a study I believe that states the more Silver is used, the more efficient a product becomes. Even Elon Musk wouldn’t be able to afford Silver at it’s true value.
The biggest driver of keeping the price low through manipulation has to be as a result of it’s military application. If anything in the longer term will result in Government confiscation (as it becomes even more rare), it will be this.
I’m still going to stack for now ๐
If so, then this must be the one and only material where industry gets to decide its price. All other materials are sold at auction via the various stock markets around the world,
so it is the push-pull effect in a market between buyers and sellers that finally settles on an agreed-upon price. Those who need a material immediately can always step to the
front of the line by offering a higher price. In many electronic devices, the silver content is a very small but vital component. Doubling the price of silver for such devices would
only had a few dollars or pounds to the price of the finished product.
Yes 365 great vid we really need to be our own banks
Bank runs always happen on a Friday ๐๐๐ just saying metro bank bail in incoming ๐คก๐คก๐คก
If you store your metals in a safety deposit box you’re losing value and taking a risk of them being seized or locked down when you might need them. Make a one time investment in a safe. #teamSHTF
Great advice!!
Dont havr your safety deposit box at a bank.
The only vault I use is independent from a bank and offshore. Itโs a deep stack vault so what went in stays there until such time as I cash in.
If itโs not in your hands, itโs not yours. ๐
100% agree!
Stacking requires security. Storing PMs in any bank or vault will cost you to the point where I doubt if you will ever make a return on your investment. if you are stacking PMs for prepping then common sense says don’t put it in a bank or vault. Take the hint and put in proper security. A one time cost for a lifetime’s peace of mind.
๐ค Yes
No good in a Zombie Apocalypse ๐
Agreed! ๐
And you never know when you may suffer a fire, natural disasters and burglary.
Storing silver in a safety deposit box is daft as soover is far too bulky to be viable . Howver unlike money in a bank which technically is owned by the bank thanks to a 200 year old law, the safety deposit box contents are owned by you meaning even if a bank is bankrupt you should still be able to retrieve it.