As the Daily Mail headline screamed: “What’s the point of saving?”, let’s take a closer look at what all the fuss was about in all the papers recently, and what can be done to create a fairer playing field. and rewarding for savers. . Keep in mind that I am not a person qualified to invest, but I have experience in making money with Forex Trading, and in 2006, I saw a great opportunity to use the changes in the price of gold bullion to make a lot of money.
If you look at the NS&I website, you’ll see that they advertise this as “no brainer” and “Open your account with just £1, enjoy easy access to your savings”, but let’s look at some facts.
If you are a saver who saves regularly, say £100 per month in this scheme, with an annual return of 1.5%, for every £1,000 invested over 12 months you will receive a £15 interest payment.
But, with inflation affecting the spending value of your money at around 2% per year, your €1,000 in savings will actually lose around €20 of its purchasing power, so your “savings plan” actually generated a €5 loss.
Looking at this in more detail, we learn from The Telegraph recently, that there are millions of savers in this scheme, so let’s assume there are at least 100,000 subscribers who also save £1,000 or more per year. I do that around £100m.
At the government level, that sum could easily be traded on the forex markets, and I understand there are some such exchanges that could pay up to 100% every 90 days. (See above about my own rewarding Forex experience, and that was using just a few hundred pounds as my bet money.)
The problem with virtually any savings scheme that is based on any “FIAT” currency, is that its value is based on nothing more than the promises of the government that issued it (such as the pound, dollar, euro, etc.) and , as such, is constantly being devalued due to constant inflation.
However, if you were to exchange some of your FIAT currency for gold bullion on a regular basis, I think that would paint a totally different picture. Take a look at some figures below, showing what happened to gold bullion prices between 2000 and 2020.
Between the beginning and end of 2006, the value of gold increased from £9.78 per gram to £10.17, which is when I first started getting involved in Forex trading and did a MATADOR trade in gold, at unlike my disastrous real estate investment activities at the time. , due to the deregulation of all btl mortgages.
At the end of 2019, the price of a gram of gold had reached 38.89 pounds sterling.
At least with gold, YOU get to decide what value to sell it for, if the price isn’t right for you, don’t sell until it is. (Or just sell what you need to survive.)
If, instead of investing £100 a month with NI&S, you signed up for a FREE account with something like Karatbars and decided to exchange £100 of your inflation-charged “FIAT” currency for 2.5 grams of gold bullion, at the end of the year you would have approximately 30 grams of gold. Even if the value was slightly lower after 12 months, you know that its historical trend will always be UP.
Now, if I can even bring myself to mention the words “network marketing,” and you believe that all network marketing opportunities are pyramid schemes or Ponzi schemes, then read no further. (If you are still here) – I think you can see the great advantage of exchanging some of your “FIAT” currency for gold bullion.
If you find that saving on gold bullion turns out to be very beneficial to your wealth, and because it costs nothing to become a customer in this savings opportunity, what’s wrong with telling your friends, family and business associates? ? After all, you’re not “selling” them anything, you’re just sharing your good fortune.
As long as you participate in this savings scheme yourself (putting YOUR money where your mouth is), why not help everyone you know do the same? And then why not use a little more of your FIAT currency to go from being just a “customer” to becoming an “Independent Affiliate” of one of the various companies that offer this service?
As an independent Karatbars affiliate, when you engage your friends and family in this network marketing opportunity, where you’re not selling anything, just have your contact do as you do and trade as much inflation-ridden fiat currency as you can. can afford gold bullion – it’s a win win for all concerned.
Also, when making your selection, make sure that the company you choose also has its own gold-backed Crypto currency. Like many other people, when Bitcoin was launched, in 2009, even though they were selling for a few dollars each, having burned my fingers on real estate investments in 2007, I viewed it with suspicion and walked away from what was probably the greatest opportunity of your life.
These novelty coins sold last year for around $20,000 EACH, and they weren’t even backed by gold. So, think of the opportunity, if a new and unique gold-backed crypto currency were released on the market.
