Every policy decision has had a knock-on effect of several magnitudes and it would appear that the days of the mighty Dollar are numbered. This article will explain how you can buy gold in Switzerland and protect your wealth when the economic reset hits, for which you must be prepared.
Cheap money for too long
The US printed more than $3 trillion in 2020. When the Covid crisis hit, the central banks already had their hands tied from their policy mistakes made in 2008. Back during the sub-prime crisis, central banks cut interest rates to the lowest levels in decades, in some case even taking rates into negative territory. When the next crisis hit (Covid) central banks had to prop up the market but not being able to reduce interest rates any further, the only option was to print more money. And they did that way beyond anybody’s expectations.
Quantitative Easing (QE) as money printing became known, was fully embraced by central banks around the world. The US Federal Reserve printed approximately $3.3 trillion dollars in 2020, which equates to a staggering 20% of all US Dollars in circulation today!
With the Fed having reduced interest rates to 0.25%, borrowing had become almost free in many borrowers’ minds, and with the Fed now printing Dollars like there’s no tomorrow, this cheap money was sloshing around the economy and had to find a home somewhere.
Which resulted in inflation
With so much cheap money flooding the economy, a colossal bubble was created as money poured in real estate, crypto currencies, luxury watches, commodities etc. Whilst many saw the value of their assets rise week on week, one every serious side effect was the inflationary impact on basic goods such as corn, wheat, and gas. Frighteningly, corn prices almost tripled, gas prices in Europe went sky high and now many people are facing very tough choices this winter such as whether to “heat or eat”.
Leaving central banks no choice but to raise rates
Despite what the Fed tried to make us believe, this bout of inflation is not transitory and is expected to last until at least next year, meaning three years of massive inflation in total. The Fed was totally unprepared for this even though it was clear as day what would happen, and panicked and raised interest rates massively, at the fastest rate in at least the last 35 years. The fed are expected this week to raise rates yet again by another 0.5% to 4.5%.
Which will cause a recession
The consequences of such rapid rate hikes has been to crash the market in spectacular style. From massive real estate price gains last year, now mortgage rates are at a 10 year high and real estate prices are forecast to come under severe pressure as buying dries up. A mortgage for $300,000 on a fixed rate for 30 years would have cost around $1280 a month at last year’s rates, now it would be 50% higher given the current mortgage rates. Auto loan rates have gone up from 3.9% in January 2022 to 6% now. Credit card rates have gone up 20% since the start of the year. Household savings are being drained to keep up with payments and mass defaults and a real estate crash are a matter of time. A global recession is on the way that will make 2008 look like the warm up act.
So you should buy gold in Switzerland to protect your wealth Buying gold in Switzerland may seem like a daunting task, but rest assured, the process is very easy with VAULTALP. You are guaranteed all the security and privacy that comes with storing gold in the number one global destination for offshore assets.
Here’s the process if you want to buy gold in Switzerland:
- 1) Go to the VAULTALP.ch website and sign up. The whole process takes les then 5 minutes and all you need is a passport or official ID, and a recent utility bill. VAULTALP is a fully regulated company according to Swiss Law and your data is held in bank-level security centres.
- 2) Once you are onboarded, you can fund your account with fiat, crypto, or even physical gold
- 3) Once your account is funded you can go to our online platform and buy quality gold bars direct from the Valcambi refinery here in Switzerland at the very best rates, completely tax free.
- 4) You can choose to have your gold bars stored in your name in our fully insured, ultra-secure Alpine vault, or have your bars delivered to you with full insurance.
- 5) If you wish to sell you bars back to us at a later date we can buy back at the very best rates and pay you in fiat money or cryptocurrencies, as you please.
We hope this article has helped you to understand how easy it is to buy gold in Switzerland with VAULTALP. Please do get in touch now!