Het is een LEVENDE SCHANDE dit soort NIETSNUTTEN aan de macht te houden! Tegen de kerstvakantie is de coronacrisis… https://t.co/jcoyZJpIlQ
Gold Bonds: an old trick
Gold Bonds...the Government's old trick is back in fashion
Buying Gold-covered-bonds is like leasing out your physical gold to a 3rd party...and be sure you will NEVER see it back again. Those who do can as well give their physical gold away.
The dwindling credit of Turkey and significant decline in its currency, has led to the new clever idea of confiscating gold with a smile while pretending they are helping you earn more money. Their objective is to make the huge private gold stocks of the citizens available to the financial system for themselves.
The Turkish central bank is launching two investment instruments for physical gold. These were widely used before the Great World Wars by Russians, Chinese, Ottomans (Turks)...
The new Ottomans (Turkish central bank) is issuing a gold bond and also an instrument for the loan of gold and gold jewelry. This is being marketed as broadening the financial system allowing (IDIOTS) citizens to earn additional income with their gold reserves under their mattresses by turning it over to the government. The money so generated would be used to stimulate the economy. [how stupid does one has to be to believe this?]
What the government is really doing with issuing a gold bond that will pay you interest for using your gold. They are promising to pay a interest during the term of the bond in Turkish lira. This interest rate will be oriented towards the development of the gold price. The gold-covered loan certificate also entitles the holder to receive interest after physical gold or gold jewelry has been deposited with the intermediary bank.
- In Europe and the America's stupid gold holders also lease their personal physical gold holdings out to 3rd parties. Not knowing if they will ever be able to recover it.
- I was given a lot of worthless GOLD-COVERED-BONDS during the beginning of my career. Some are kept in some box on my attic. Collection value can be $10,000 and more....all the Gold-covered-bonds however ended WORTHLESS!
- Most Gold-covered-bonds date of the period (1920's) preceding the Great Depression of 1929.
- Bit-Coin-gold and similar are as risky as Gold-covered-bonds and leased gold.
- Remember at ALL TIMES that your Physical Gold is ONLY SAFE in a NON-BANK-VAULT out of political reach.