Thursday, August 3, 2017

Full Reserve Banks

The companies that state they provide full backing for the monies you deposit with them are:

GoldMoney
https://support.goldmoney.com/customer/en/portal/articles/1946269-ownership-safety-and-security-of-your-gold  (see reference to fully allocated which refers we understand to physical holdings of gold held in your name; clearly once you have paid for gold the currency denominated price of gold can vary)

Euro Pacific Bank
https://europacbank.com/company/security/ which states that they hold a 100% deposit ratio

In contrast, the vast majority of banks do not hold enough cash or liquid assets to repay the majority of customers for their deposits immediately. Consequently customers risk losing their deposits if a bank goes insolvent unless they are covered by a government deposit guarantee scheme.

Note: undertake your own due diligence exercise and seek financial advice where necessary before using any financial or investment institution. Currency Safe does not provide financial advice.


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