Gold Backed Bank Account

You can even get a gold debit card that you can use anywhere in the world.

Gold backed bank account. Meanwhile for customers already. And like most u s. When you use a debit card your bank logs the transaction and pulls the money from your account balance. Fully reserved accounts with audited one to one metal ownership.

It s backed by actual gold which converts to whatever currency you re needing at the time you hit that atm. In other words you can open accounts in any denomination you want whether fiat currency or gold bullion whatever you d like. The account is denominated in either silver or gold and if you need cash you can sell off a portion of your position and use the gold or silver debit card to make. A great savings account.

Individuals can set up a regular direct debit from their bank account which abc bullion will convert into either gold or silver upon receipt. Or wish to use multiple bank accounts your dedicated relationship manager will work with you to accommodate your requests. For the most part gold backed debit cards work just like normal debit cards. Competitive interest rates and no monthly maintenance fees are two big benefits of our package money market savings account 6 available to our gold checking package customers.

Buy sell and hold physical gold silver platinum and palladium bullion online. Goldmoney is a global leader in precious metal custody and the world s largest precious metals network. Bank savings accounts 7 it can also be used to provide overdraft protection. Your metal your money.

The state of texas is setting up a gold backed bank that will allow depositors to bypass the controversial federal reserve system and its fiat currency in banking and commerce according to the. With a gold backed card this takes a few more steps but the general process is mostly the same. One unique feature of owning gold and silver in your precious metals storage account is bank card access. Eligibility to save on closing costs.

I stumbled upon euro pacific bank based in the caribbean the other day. If the name euro pacific sounds familiar that s because it s one of peter schiff s latest creations. How does a gold backed debit card work. Unlike other precious metals products we offer the access and flexibility of quickly liquidating some of your holdings and spending the cash proceeds by atm withdrawal or point of sale.