Rumors have been spreading about the possibility of a bank “bail-in” maneuver being utilized since mid-2021. As the central banks and government economic advisors warned each other behind closed doors about the possibility for economic collapse, many started making plans for what some felt was an inevitable need for a bank “bail-in.”
Bail-ins allow banks to convert debt into equity to increase their capital requirements. They shift the risk to unsecured creditors, including depositors whose account balances exceed the FDIC limit of $250,000. In other words, they steal your money.
Plans are emerging from European central banks, as detailed by Greg Reese at Infowars:
I did a brief segment on my show today about this. The key takeaway for anyone with over $250,000 in any one account: Diversify. Spread your money out as best you can. Use multiple banks. Even better, put it into non-bank accounts. Get physical precious metals or other items of sustained value and secure it at your home. Don’t let them steal your money because if we stay on the current trajectory, bank bail-ins are almost certain.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.