What makes for a good investment in the event of a crisis?
Precious metals – especially gold – possess the unique feature of being a “safe haven”, meaning they are considered to provide a shelter during crisis periods. It’s a historical fact: gold has always proved to be a safe investment in troubling economic times. More than that, the price of gold sometimes even climbs significantly during recessions. This is for example the case right now: its price has increased fivefold since 2000. And that rise is not likely to stop, so long as interest rates are low and fiat currencies continue to lose value. And if one day the banks are no longer able to meet your expectations, for its part gold will continue to be traded.
Keeper of your buying power
Just compare the buying power of gold over the centuries, and you will realize that its value as a safe investment is no myth: if a new bicycle cost a sovereign in 1912, that is still the case today, in 2019.
Should you take your money out of the banking system?
Diversifying and not blindly letting your bank handle your capital is a good thing, but pulling completely out of all banks is simply not feasible in this day and age.
Variable bank prices
From one region to another, or even from one branch to another, commercial banks are able to get away with applying variable prices, in some cases without any apparent reason. Within the same network, you may also be charged extra fees, so it is best to research these prices in advance before you choose a bank, since some bank connection – even if only to a lesser extent – is unavoidable today.
Better than stocks!
If your goal is to shelter your capital or your savings, then it only makes sense to place your trust in gold. It’s a proven fact: in times of crisis, or even just economic instability, as is the case with the US-China conflict, the value of gold only increases.
A corrupt financial system
After the 2008 subprime crisis, regulations were enacted to solidify the financial and banking systems which had, in the end, proved to be more fragile than what traders and bankers had liked to believe. Banks have reinforced their capital, and “high-risk” products have declined… or rather, lost their appeal.
However, more than a decade has passed, and we still don’t seem to be safe: shadow banking today is worth some $99 trillion, twice as much as in 2007, and derivatives (complex high-risk banking products) total $595 trillion, 7.5 times the GDP of the entire planet. It’s no surprise then that consumers are losing confidence in the system…
Why should you trust VeraCash to protect your savings?
Safety in secure vaults
Since 2015, we have been storing your precious metals at the Free Ports and Warehouses of Geneva. We conduct annual audits to ensure the physical counterparts of our clients’ assets. In practice, this vault protection guarantees the inviolability of your precious metals. In addition, although the vaults are in Switzerland, you do not need to declare your VeraCash account as a foreign account to your tax authority, if it requires such reporting, because we are not a bank!
Because your VeraCash gold and silver are not recorded as the company’s assets, should the business ever shut down, the euro value of the gold and silver will be redistributed to the members, in the amount of their respective holdings. Even though your precious metals are located in Switzerland, VeraCash members’ gold and silver stored at the Free Ports and Warehouses of Geneva are in fact the property of those members.
Savings with the flexibility of a current account
While your VeraCash account lets you save in precious metals, VeraCash transfers and the VeraCash card allow you to use your gold and silver like currency! In fact, what currency could be better than gold, whose intrinsic value will never let you down?!