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.
We use the number of units of each currency that are created as a measure of currency confidence or risk. When additional units of a currency are created there is a greater risk of a loss of purchasing power due to inflation or hyperinflation of the currency price of goods and services. People usually refer to currency as money unless it is debased severely by new currency creation. True money like gold and silver cannot be created by private and central banks.
Subscribe to:
Post Comments (Atom)
Malawi Devalues Currency by 44%
Malawi just devalued its currency - the Kwacha - by 44% against the US$: https://www.african-markets.com/en/news/southern-africa/malawi/mala...
-
Malawi just devalued its currency - the Kwacha - by 44% against the US$: https://www.african-markets.com/en/news/southern-africa/malawi/mala...
-
The Central bank of Nigeria started incentivising people to use the Nigerian CBDC (eNaria) in October 2021 but a year later only 0.5% of the...
-
Zimbabwe has introduced a gold backed digital currency. Still government controlled it appears. How will citizens know the gold is actually ...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.