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Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes

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A son of long-time subscribers to Richard C. Young’s Intelligence Report emailed me last week about a letter his parents had received from their bank branch.

Not a phone call to set up a meeting, a letter.

According to him, the bank sent the letter to his parents stating that no gold or silver would be allowed in the bank’s safe deposit boxes.

There was no explanation for the change in the letter.

The note wasn’t from a small local bank on Main Street, USA.

This bank is one of the biggest players in the world.

Its regional branches extend like tentacles to every street corner imaginable.

It’s one of the big guys on Wall Street that received a bailout, of course.

Does this letter sound like they’re looking out for the heart and soul of Americans living on Main Street?

What we are seeing today are desperate moves by banks and investment firms to stay relevant.

The pressure to grow is immense.

Which is why I want you to do some of your banking locally, where everybody knows your name.

Because if they’ve changed their name too many times for you to remember, why in the world would they remember yours?

Originally posted on Your Survival Guy. 

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.