With this post we will be looking at how you can open a free gold bullion savings account. Yes you heard it right, FREE. No hidden fee’s or anything, just free.
Saving your money today without, or with small amount, of risk is almost impossible. If you save your money by going to the ATM and take out paper dollars to put under the mattress your savings will be eaten up by inflation.
We all know that its not a good way to save money anymore because the price of the goods and services that we buy keep getting more and more expensive. Think of this:
How much more groceries did $100 get you 10 years ago compared to today? A lot more right? Every year you can buy less stuff for those paper notes under your mattress. So what’s the point of saving money if you will loose a portion of the money every year?
To save money in a bank account today is not worth the risk either. You get almost 0% in interest at the bank, and then your wealth is just stored in 1’s and 0’s at a computer in the bank. This sounds very risky and your savings could disappear tomorrow in a million different ways.
So there has to be a better way!
Of course there is and I’m glad that your interested in a gold bullion savings account.
And yes, I will show you a way to open up a completely FREE gold savings account. No hidden fee’s or any yearly cost. Just pure FREE. Excited? Let’s dive into it.
FREE Gold bullion savings account
I have been investing in gold for around 10 years now and I’ve seen companies try to create a gold savings account. Most of them have been a big scam in my view and that is for one single reason.
They do not store the gold that you save physically!
Say that you open a savings account with one of these scammers. Every month you transfer over some of your declining paper to this company, which is exactly what you should be doing. But instead of this company actually going out and buying gold bullion with that money they just keep it on their books.
If you then want delivery of your gold they go out and buy it then (when you want delivery) and deliver it to you. With this there is no difference from having a bank account. You don’t have any physical gold until you want to take delivery.
There is lots of things that can happen between you saving and you wanting delivery. Maybe the gold price skyrockets and the company can’t afford to buy the gold for all of it’s customers? Maybe we have a shortage of gold so when you want delivery the company can’t get their hands on any gold, just to name two.
So clearly what we want is a company that we will transfer over declining paper money to every month, and then they will take that money and purchase gold on our behalf then store it for us. So our gold savings account is actually filled with physical gold.
Every month we add some more physical gold into our own little safety deposit box.
After a lot of trial and error I finally found a legit company a few years ago that actually have a gold bullion savings account that have all that I wanted, and more.
Let me introduce you to Karatbars International
Karatbars is a German company that was founded in 2011 with a mission to be able to put physical gold in the hands of the masses.
Karatbars operates under strict German business laws and was recommended by Bun Der Spar. If you operate in Germany and is not a honest company you will not be in business for very long. Bun Der Spar is a consumer watchdog that recommends financial companies to the German public.
Have a look at this short introduction video below, only 2 minutes long.
Watch Karatbars Introduction Video Below
Hopefully that short introduction plus the fact that Karatbars is recommended by Bun Der Spar got you to realize that it’s a very serious company that is committed to have the best gold savings account out there. In my full review of Karatbars I have more information about the company itself.
How does my Free gold bullion savings account work then?
Now to the exciting part. After you have set up your FREE gold savings account you need to decide on two options.
- Do I want to save every week or every month?
- How much money do I want to save every week/month
You can save as little as 50 euro (around $56) every month if you want.
Once you have made your decisions you can add your credit card (Karatbars is only using the top standards for encryption and other methods for paying online) to your account.
The amount that you choose will then come out every week or every month depending on what you selected automatically and be transferred into physical gold.
This is the most important aspect of Karatbars. As I was saying before the most important thing, for me at least, when it comes to a gold savings account is that the company puts aside physical gold for me when I give them my paper money.
This is exactly what Karatbars does. When they get my paper money, Karatbars will transfer it into physical gold for me. The amazing thing is that Karatbars have partnered up with a high security vault in Germany where they will store your gold for FREE.
This third party vault is getting audited every year by another independent firm to make sure that every safety deposit box actually have all the physical gold that it should.
So in short you will have a safety deposit box at this high security vault in Germany. Every week, or month, you will transfer your declining paper dollars from your credit card, automatically, into physical gold to be put in your safety box.
Personally I don’t think it can get easier than that to save in physical gold, what do you think? I would love to hear your views in the comments below.
Of course your not suppose to have your physical gold in Germany for ever. Everybody that invests in gold knows that one of the reasons why, is to be able to have the gold in your own possession. In case of an emergency you can use it to purchase food and other goods for you and your family. If the ATM and credit card systems doesn’t work for a week as an example.
Karatbars partnered up with FedEx to ship your gold all over the world. With a simple blick on a button at your online savings account portal you can take delivery of all, or part of, your gold whenever you want. Because remember, the gold is already in your safety box. All FedEx needs to do is deliver it to you, of course fully insured all the way to your door.
Does this sound exciting to you? Do you want to start saving in gold to protect your financial future? Do you want a savings account that will protect you from inflation? A savings account that is stuffed with physical gold that has gone up around 500% the past 15 years.
Then you should take the time to read my full review of Karatbars where I, hopefully, will answer all of your questions. If there is anything that I didn’t cover please just leave me a comment or contact me through my contact page.
Remember, this is a free gold bullion savings account where you can transfer some of your declining dollars to physical gold bullion of highest quality from a LBMA accredited refinery.