Getting the message out...24 Mar 2023 16:28
E mail from tally im sure you all have.....
No doubt you’ve heard about central banks scrambling together to restore public confidence after Credit Suisse and Silicon Valley Bank had to be bailed out last week. And the alliance is unsurprising given that the global financial system is as precarious as it is incestuous.
A classic example of ‘groupthink’, central banks continue to fail upwards in an undemocratic system that leads to bad policies that nobody voted for being implemented, which have a seismic effect on the economy and the majority of citizens.
What’s also unsurprising is the spike in demand for gold these bailouts prompted.
Seen as a safe haven in times of economic turmoil, investors have been frantically buying up the shiny yellow stuff in a bid to protect their wealth from the bail-ins and bailouts many fear are still to come. Because even though the Financial Services Compensation Scheme is already in place, protection is limited to £85,000 per FCA-authorised institution. And because some banks and building societies share an FCA licence, customers with savings in both would only be able to claim a total of £85,000.
Lucky for you, you’ve already got a Tally Account, which lets you keep your money in physical gold bullion with unlimited balance protection.