Your cash in the bank profits you next to zero. Meanwhile, the federal government has the ability to print all the money it wants to.
In short, your wealth in the bank is steadily eroding. Your money is losing purchasing authority year after year.
What can you do to safeguard your savings? Frank Trotter of EverBank has an progressive solution.
Through EverBank’s “Metals Choose Gold” accounts, you can keep a portion of the savings at the bank in gold, instead of in money.
Imagine having a discussion Frank that goes something similar to this :
“So, Frank. I might keep my every day funds in my regular checking account. and then I can remain my longer-term savings split between a daily savings account plus gold?”
“Yes.”
“But imagin if I should exchange my gold on the bank into funds to pay for a big expense?”
“No problem.”
“How long will it need to obtain my money? A day or 2 ?”
“Yes.”
“OK. How do you hold my gold?”
“But you want. You can have gold along with your name on it, hence to speak, which includes a storage fee. Or we are able to keep it for you as unallocated gold, where there’s no storage fee.”
“Will you send me my gold if I want it?”
“Certainly. It is your gold.”
I hadn’t heard of U.S. banks offering gold as an account choice. But EverBank does. Also it’s a pretty convenient way to hold gold.
Suppose your home wants a brand new roof, also you have to get the cash out of savings. If your savings have gold coins in a secure-deposit box, you’ve a serious hassle.
You should move to your bank and get your gold coins. Then you have to find someone to buy them from you at close to full price. Either take them to a local seller or send them off to a good vendor. You are taking a bit of a risk, having them on you or placing them in mail. After that you need to wait on a check. Then you deposit that check in your bank. Then let it clear. Then you can write a check for the latest roof. What a pain!
Along with your gold at EverBank, you tell them you should change your gold to dollars plus move that dollars for a checking account. It’s going to have a day or 2 from if you say “sell my gold.” After this you be able to write down that check for the roof.
Now, if you hold your account in gold, its value isn’t guaranteed by the FDIC. Your checking in addition to savings accounts are, of course. But if the price of gold drops, the value of the gold account
goes down – the FDIC isn’t going that will help you out there.
But with the bank paying out next-to-no interest – plus the us government printing funds at will – it is sensible to hold a portion of the savings in gold. Having gold within your bank account maintains your life easy. EverBank offers a trouble-free way to do it. See http://www.everbank.com/001MetalsGold.aspx
EverBank actually does offer one way to have valuable metals with an FDIC-insured guarantee.
Frank Trotter plus his crew are an innovative bunch. They now offer what they call a MarketSafe CD for precious metals. In brief, if precious metals go down in cost over the lifetime of the Compact disc, you don’t lose any cash. If precious metals go up, you receive an excellent percentage of the profits. Gold Market Monitor is a subscription based membership site that uses an exclusive gold timing strategy. It shows its members the best time to invest in gold bullion or gold stocks and when to exit to the safety of cash. Try the Gold Market Monitor for 60-days and safely profit from up and down trends in the gold market.