Schiff's new hard money bank

[heavenlyboy34]

Looks neat. No Americans allowed, though.

http://www.economicpolicyjournal.com...oney-bank.html

[h=Peter Schiff Opens Hard-Money Bank]3[/h]

You can open accounts in dollars or gold bullion at the new Euro Pacific Bank Ltd, launched by Peter Schiff. this is an awesome idea

You can even get a “gold debit card” that you can use anywhere in the world. It’s backed by actual gold, which converts to whatever currency you’re needing at the time you visit an ATM.

There's one catch if you are an American: you can’t open an account at this bank if you’re a U.S. citizen.

U.S. security laws have become so intrusive, burdensome, and expensive to comply with, that it made it difficult for Schiff to offer the services in the U.S. So, Schiff opened his bank offshore, in St. Vincents and the Grenadines. It operates outside the jurisdiction of U.S. security regulations, and does not accept accounts from American citizens or residents.

[Seraphim]

Very cool - after the great reset, I will be venturing into similar business models.

[Origanalist]

There's one catch if you are an American: you can’t open an account at this bank if you’re a U.S. citizen.

U.S. security laws have become so intrusive, burdensome, and expensive to comply with, that it made it difficult for Schiff to offer the services in the U.S. So, Schiff opened his bank offshore, in St. Vincents and the Grenadines. It operates outside the jurisdiction of U.S. security regulations, and does not accept accounts from American citizens or residents.

Land o the free, make me just swell up with pride.

[hazek]

Oh this is awesome, I think I'll check it out and potential become a customer.

[GeorgiaAvenger]

Good info on this part of the site: http://www.europac.net/about/where_we_stand

[cubical]

Debit card backed by gold is a great idea. Surprised another bank has not copied this. It would certainly be troublesome reporting taxes though.

[hazek]

Aaaand I've lost all interest:

Q - Where is the gold stored?

A - Through a relationship with the Perth Mint in Australia your gold will be stored in an unallocated account.

http://www.europacbank.com/index.php?page=faq

[puppetmaster]

Aaaand I've lost all interest:


http://www.europacbank.com/index.php?page=faq

This would not be your gold bullion savings. This is for your daily living I think

[Steven Douglas]

SO glad Schiff is doing this, and SO glad (strategically) that he cut U.S. Citizens out of the picture for legal reasons.

Get the success of it established FIRST, with ZERO SAY by the US Government. Global demand takes over from there, and the powers that be here end up looking like the fucking complicit idiots that they are. Talk about a way to yank the power rug out from under them.

Real Non-leaking Lifeboats for sale aboard the Titanic. Step right up, get your haven from fiat currency here, folks! Schiff, you truly are brilliant, and I hope this venture STORMS out onto the world economy with a vengeance.

[low preference guy]

Real Non-leaking Lifeboats for sale aboard the Titanic. Step right up, get your haven from fiat currency here, folks! Schiff, you truly are brilliant, and I hope this venture STORMS out onto the world economy with a vengeance.

agree. schiff is a (profit-seeking) hero. but you can bet they'll use what's in their power to sabotage it.