How I keep my money in gold and out of the Cypriot banking system
After the 2012/13 banking system collapse in Cyprus, which saw the first European raid on depositors accounts, I no longer keep savings in any of the Cypriot banks beyond what I need to run my daily business activities. Now I keep saving in physical gold which will always have real value.
- For access to everyday online purchases and in store retail shopping, I use my Gold Backed Prepaid MasterCard®. Apply for a FREE card online, works in every country. It keeps your cash out of the corrupt banking system and in actual gold until you need to spend it.
Do you really think the U.S. housing market collapse in 2008 or the Cyprus raid of depositors accounts will be the last time this happens? NOTHING was fixed in both of these cases, it's only a matter of when the next and much bigger event happens. Watch the movie The Big Short.