Recent headline in the Daily Mail: “What’s the point of saving?”
As the Daily Mail headline screamed, “What’s the Point of Saving?”, let’s take a closer look at what the fuss was all about in the papers recently, and what can be done to create a more level playing field. and rewarding for savers. . Keep in mind that I am not a qualified person to invest, but I have experience in making money from Forex Trading, and in 2006, I saw the great opportunity to use the changes in the price of gold bars to make a lot of money.
If you look at the NS&I website, you’ll see that they advertise this as “A doddle” 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 regularly saves, for example, £100 per month in this plan, with an annual return of 1.5%, for every £1,000 invested over 12 months, you will receive a payment of £15 interest.
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 loss of €5.
Looking at this in more detail, we recently learned from The Telegraph 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 £100 million.
At the government level, that sum could easily be traded on the forex markets, and I understand there are some such exchanges out there 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 stake 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 early and late 2006, the value of gold rose 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 investing activities at the time. , due to the deregulation of all btl mortgages.
By the end of 2019, the price of a gram of gold had reached £38.89.
At least with gold, YOU get to decide what value you sell it for, if the price isn’t right for you, don’t sell it until it is. (Or only sell what you need to survive.)
If, instead of investing £100 per month with NI&S, you signed up for a FREE account with something like Karatbars and decided to trade £100 of your inflation-charged “FIAT” coin for 2.5 grams of gold bullion, in 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 may dare to mention the words “network marketing”, and you believe that all network marketing opportunities are a pyramid or a Ponzi scam, then read no further. (If you’re 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 in gold bullion turns out to be very beneficial to your wealth, and because it costs nothing to become a customer in this saving opportunity, what’s the harm in 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 to 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 a Karatbars Independent Affiliate, when you involve your friends and family in this network marketing opportunity, where you’re not selling anything, you’re just getting your contact to do what you do and trade as much inflation-ridden fiat currency as you can. can afford gold bullion – it’s a win win for all comers.
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 it was selling for a few dollars each, after having burned my fingers on real estate investments in 2007, I regarded it with suspicion and moved 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 about the opportunity, if a new and unique gold-backed crypto currency were to be released on the market.