As the Daily Mail headline shouted – “What’s the point of saving” – let’s take a closer look at what the fuss has been about in all the papers lately, and what can be done to create a fairer and more rewarding playing field for create savers. Keep in mind that I am not a qualified investment person, but I do have experience making money with Forex Trading, and in 2006 I saw the huge opportunity to use gold price changes to make a lot of money.
If you look at the NS&I website you will see that they advertise this as “A piece of cake” and “Open your account with just £1, enjoy easy access to your savings”, but let’s take a look at what cold hard facts.
If you are a saver who regularly saves £100 a month into this scheme, with an annual return of 1.5%, for every £1,000 invested over 12 months, you will receive an interest of £15.
But with inflation distorting the spending value of your money by about 2% per year, your £1,000 of savings is actually losing about £20 of its purchasing power, so your “savings plan” was actually making a £5 loss.
Looking at this in more detail, we recently learned from The Telegraph that there are millions of savers on this scheme, so let’s assume there are at least 100,000 subscribers who are also saving £1,000 or more a year. I make around 100 million pounds.
At the government level, that amount could be easily traded in the foreign exchange markets, and I understand there are some such trades that can pay out up to 100% every 90 days. (See above about my own rewarding Forex experience, and that was using just a few hundred pounds as my wagering money).
The problem with almost any savings plan based on a “FIAT” currency is that its value based on nothing but promises from the government that issued it (such as the pound, dollar-euro etc.) is devalued as due to constant inflation.
However, if you were to regularly exchange some of your FIAT currency for Gold Bullion, I think that would paint a very different picture. Look at some numbers below, which show what happened to the gold price between 2000 and 2020.
Between early and late 2006, gold rose in value from £9.78 per gram to £10.17, when I first got involved in Forex Trading and did a KILLING trade in gold, as opposed to my disastrous real estate investment business at the time , because all btl mortgages are deregulated.
By the end of 2019, the price of a gram of gold had reached £38.89.
At least with gold you can decide what value to sell it at, if the price isn’t right for you then don’t sell until it is. (Or only sell what you need to survive).
If, instead of investing £100 a month with NI&S, you signed up for a FREE account with something like Karatbars, and at the end decided to exchange £100 of your inflation-ridden “FIAT” currency into 2 .5 grams of Gold Bullion, of the year you would own about 30 grams of gold. Even if the value was slightly lower after 12 months, you know that the historical trend will always be UP in the end.
Now, if I may mention the words “Network Marketing”, and you believe that all network marketing opportunities are a pyramid, or a Ponzi scam, please don’t read any more. (If you’re still around) – I think you can see the huge benefit of exchanging some of your “FIAT” currency for gold.
If you find that saving in Gold Bullion is very beneficial for your wealth, and because it costs nothing to become a customer of this savings option, what’s wrong with telling your friends, family and business partners about it? After all, you don’t “sell” them anything, you just share your happiness.
As long as you yourself participate in this savings scheme (YOUR money where your mouth is), why not help everyone you know do the same? And then why not use some more of your FIAT currency to upgrade from just a “customer”, to an “independent partner” of one of the several companies offering this service,
As an independent Karatbars affiliate, when you involve your friends and family in this network marketing opportunity – where you don’t sell anything – you just let your contact do what you do, and exchange as much inflation-infused Fiat currency as you can afford gold – it’s a win win for everyone involved.
Also, when making your selection, make sure that the company you are going for also has its own gold backed Crypto Currency. Like many people, when Bitcoin was launched, in 2009, even though they were selling for a few dollars each, after burning my fingers into investing in real estate in 2007, I regarded it with suspicion and walked away from it. which is probably the biggest opportunity of your life.
These newfangled coins sold for about $20,000 EACH last year, and they weren’t even backed by gold. So think of the opportunity when a new, unique gold-backed cryptocurrency hits the market.