Do Online Gold Dealers Allow Your Family the Right to Financial Privacy?
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One of the primary reasons why investors like us purchase physical precious metals, aside from inflation protection, is our family legacy’s financial privacy.
The right to financial privacy is something that no American should take for granted. The advantage of holding assets that aren’t subject to excessive fees, non-owner access, surveillance, digitization, and potential confiscation is invaluable.
Cash stored at a bank is subject to all of the above from either the bank itself or the government. I covered new bank confiscatory loopholes in depositor terms in a previous Epoch Times article titled “Major US Banks Amend Agreement to Freeze Your Money on Bank Failure.”
Discrepancies between federal and state laws discourage banks from serving the highly profitable and legal cannabis industry.
U.S. cannabis companies generated more than $17.5 billion of sales in 2020 alone. It will only continue to grow as more legal markets open.
There are 36 states that have legalized cannabis for medical or adult recreational use. But it is not legal at the federal level. Meager guidance from regulators leaves banks dubious about whether they can safely bank cannabis businesses and other companies that provide them with products and services.
While federal authorities have said they will not override state cannabis laws, for banks it is very complicated and many fear excessive rules, compliance burdens, missteps and sanctions. This keeps most banks and credit unions from working with the industry. There were 515 banks and 169 credit unions that provided some level of service to cannabis-related businesses by the end of 2020, according to Financial Crimes E
Great Southern Bank Introduces New Financial Education Center During Financial Literacy Month apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
YELLVILLE, Ark. – Arvest Bank has announced the promotion of three of its employees.
April Rosa has been named vice president in Mountain Home. Rosa serves as a private banking advisor to the Mountain Home market, providing customer service experience with a comprehensive financial approach of meeting clients’ financial needs.
“April has demonstrated outstanding performance in serving our private banking customers with top-notch, customized care,” says Layton Lee, loan manager for Arvest in North Central Arkansas. “She goes the extra mile to ensure the unique needs of each client are met with personal service and quality solutions.”
In addition, Jaren Beavers has been named vice president in Yellville. Beavers serves as marketing manager for Arvest in North Central Arkansas, providing leadership for advertising, public relations and marketing promotions efforts, among other responsibilities.