There have been multiple reports from America that the banks are closing the accounts of the local precious metal dealers. There have been all kinds of analyses based on the assumption that there isn’t a conspiracy and that the coin shops have merely been “acting suspiciously” according to some AML/KYC bullshit the banks are implementing, but I find this extremely unlikely, as no evidence of it has been presented. Rather, let’s approach this from the position of game theory.
The banks in America are reporting a very significant outflow of deposits, caused, obviously, by the fact that the banks are either going bankrupt or are being rescued by the state, and the legislature is in place allowing the banks to bail themselves in with their clients’ funds, as long as those are above a certain threshold, which in America is the FDIC limit of $250000. In theory, everything up to this limit is “safe”, and everything above that limit will be treated according to the principle of “steal from the rich, they can afford it”. In the EU, the guaranteed limit is much lower, 100000 €.
What has been happening behind the scenes is perfectly logical – people have been trying to rescue their money from the looming threat. Some think that the bigger banks are safer so they are moving their money to the biggest banks, although this logic might be misguided, since the state is using the biggest banks to rescue all the problematic assets, which might in fact collapse those biggest banks together with the state economy – essentially, they are trading strategic balance for a tactical respite. Other people are trying to move money into real estate, or something else that is out of harm’s way. One of those obvious options is to order gold and silver bullion from a bullion dealer and wire him the money. The banks noticed the pattern – basically, there is a “sink” to which the money can escape from their accounts, and “someone” told them to close this option, and thus all the “unexpected” and quite coordinated closures of the bullion dealers’ bank accounts.
Basically, the time window for rescuing money from the system is closing. Either its value will be inflated away because the states are drowning in debt, and inflating the money in order to make the debt manageable is too tempting an option for any scoundrel to resist, and/or all citizen assets will be subject to such a tight control, everybody will essentially be given an allowance sufficient for bare survival, in the short time before this totalitarian neo-communist control scheme collapses, following the example of all such schemes that have been tried in the past.
My expectation is that the next thing the banks will do is limit the amount one can wire out from their account using the Internet banking system, under some fabricated cause; a good example is the OTP bank in Croatia, which limits the wire transfer amount to 30000kn, or something under 4000 €. For anything more than that you need to come to your bank physically and sign the transfer. Now, let’s say there’s a lockdown due to the next plandemic, and the banks are closed because reasons, and so you can’t physically go there and order a transfer. This would effectively bottleneck your ability to transfer money out of the trap it’s in, and if you make too many successive 4000 € transfers, this would likely qualify as “suspicious activity” and your account would be suspended, pending review. If you think this is paranoid or unrealistic, you are an idiot, because all the mechanisms for this are already in place. You can already use your money only for things the state/bank conglomerate allows, and stringent measures are in place to ensure compliance. It’s merely a matter of them modifying the list of allowed behaviours, so soon you’ll have to ask for your mommy’s permission to use your money to buy toilet paper so you can take a shit.
When the general populace wakes up and smells the coffee, it will be far too late for them to do anything constructive. That might not be a problem, though, for most of them are up to their eyebrows in debt anyway, so the issue of them rescuing their assets from the system is moot.