Gold Seed: at 11Onze we sow gold

Toni Mata, Content Director, Oriol Tafanell, Financial Director, and Càrol Rafales, from the 11Onze Product Team, present Gold Seed. The latest product that 11Onze has made available to its community so that you can generate profits by buying and selling the precious metal par excellence!

Since in order to have a harvest, you must first sow, at Preciosos 11Onze we offer you Gold Seed, a new product designed to make your savings grow in times of uncertainty. As Oriol Tafanell explains, “given the turbulence of the current economic situation, everyone has become frightened, the stock markets have fallen, but gold continues to rise in value”.

Preciosos 11Onze has been working for more than a year with a manager specialising in the sale and purchase of precious metals. The idea is very simple, “it consists of grouping several people interested in participating in a collective purchase of gold with the aim of obtaining a capital gain from the purchase and sale of this gold“, explains Càrol Rafales. For 12 months, your gold will be sold at the best times of the market to make a profit, and at the end of the year, we will see how the harvest has gone!

Staggered consolidations

The minimum investment is €4.000 and during the contracted period there will be quarterly reports to see the evolution of the investment you have made in this service. The aim of the purchases and sales is to achieve staggered consolidations of 2%. That is to say, “from the start of the contract, if the manager achieves a capital gain with the metal acquired, equal to or greater than 2%, this capital gain is consolidated,” says Rafales.

Making it clear that past gains do not guarantee future gains, the good performance of gold in periods of instability has been confirmed over the last few years. The product on which Gold Seed is based has generated returns well above those achieved with Spanish investment funds and has counteracted inflation, solidifying gold as the safe-haven asset par excellence.

You will find all the information about Gold Seed at Preciosos 11Onze.

James Sène, president of 11Onze, addresses the community following the incredible response to the call made a few days ago to finance the agri-food sector.

Dear members of 11Onze,
Dear Members of the 11Onze Community,
Four days. That is all it took.

Four days ago, we shared with you an article that was more than just an analysis of Basel III and gold’s new status. It was a call to action—an invitation to think differently about how we protect our savings, support our community, and position ourselves for the future. It was a proposal to become not just passive observers of the coming changes, but active participants in building something better. 

And you, as always, responded in a way that leaves us humbled, inspired, and deeply grateful. 

The Numbers That Moved Us 

In just four days, nearly 4,000 members of this community took the time to read, reflect, and engage with the ideas we presented. But what truly touched us—what truly demonstrates the power of this community—is what happened next. 

109 members raised their hands to express interest in the proposal. Not passive curiosity, but genuine interest in being part of the solution. 

And then came the moment that confirmed what we have always believed about this community: 19 of you explicitly stepped forward, ready to engage in financing projects around farming and food provision. Not with vague promises, but with concrete commitment. 

When we crunched the numbers, we had to check them twice. The average commitment from these 19 members exceeded €6,000 each. 

Let that sink in. In a world where financial uncertainty makes people hoard their resources, where fear typically leads to retreat, this community did the opposite. You opened your wallets. You offered your capital. You demonstrated that the 11Onze spirit is not just about protecting your own wealth, but about building wealth together. 

For that, we cannot thank you enough. From the bottom of our hearts: thank you. 

The Spirit That Sets Us Apart 

What makes this response so remarkable is not just the numbers—it is the spirit behind them. In an era when financial institutions extract value from communities, you are choosing to inject value back in. When traditional banks abandon local farmers and small producers, you are stepping up to fill the gap. When the prevailing wisdom says “look out for yourself,” you are proving that the best way to protect yourself is to protect each other. 

This is what we mean when we talk about being the governor of your own central bank. It is not just about holding gold. It is about deploying capital intelligently, strategically, and communally into the sectors that will sustain us all. You have understood that message. You have embraced it. And now, together, we will act on it. 

What Comes Next: A Project Worthy of Your Trust 

With your support and your capital ready, we now have both the responsibility and the privilege of presenting you with a first project that matches your enthusiasm in every dimension. 

We are committed to delivering: 

• Quality: We will vet every opportunity with the rigor and care that your trust demands. No shortcuts. No compromises. 
• Proximity: These will be local projects, rooted in the communities we share. You will be able to see, touch, and understand exactly where your capital is working. 
• Excellent Returns: Our target is clear and ambitious. We aim to deliver returns that double what you might have obtained by investing in real estate for rental income—and we aim to do so over a responsible 10-year period. 

This is not a promise we make lightly. But we believe—and we hope you believe—that when capital is deployed intelligently into essential sectors like food production, with the right structures and the right partners, exceptional returns are not only possible but probable. 

The Impossible Becomes Possible 

We want to take this opportunity to make another ask of this remarkable community. 

As we prepare to present the first project, we also want to invite you to go one step further with us. If you have ideas for projects in your own communities—farming initiatives, food production ventures, local agricultural infrastructure—please share them with us. 

Even more: if you know of initiatives that could benefit from a loan at zero interest, we want to hear about them. 

We know how that sounds. We know it sounds impossible. In a world where capital demands its pound of flesh, where lenders extract every drop of return, the idea of zero-interest loans for community projects seems almost absurd. 

But here is what we have learned from you, dear friends: the impossible is just the untested. There are ways to generate great returns while doing the right thing. There are structures that allow capital to work for the community while still rewarding those who provide it. There are paths that traditional finance cannot see because it refuses to look beyond its own assumptions. 

We are looking. And with your help, we will find those paths together. 

To the 19: You Are Our Pioneers 

To the 19 members who have already stepped forward with concrete commitments: you are not just investors. You are pioneers. You are the ones proving that another way is possible. You are the ones who will look back in ten years and know that your capital helped feed families, sustain farmers, and build resilience in the communities you love. 

We will honor your trust by presenting you with a project that matches your courage and vision. We will work tirelessly to ensure that your commitment is rewarded—not just financially, but in the knowledge that you were part of something great. 

Soon, we will share with you—with the 19 —the first opportunity. And we hope that when we do, you will feel the same pride and excitement that we feel in preparing it for you. 

A Final Invitation to All 

To the nearly 4,000 who read the article: thank you for your attention and your engagement. Maybe this specific initiative is not for you. Maybe the timing is not right. Maybe you simply do not want to—and that is perfectly fine. No big deal. 

What matters to us—what is far more valuable than any single commitment—is that you are still out there, still listening. Keep it that way. It gives us reasons to keep the fight up. It reminds us that we are not alone in this. It fuels the conviction that another way is possible. 

To the 109 who expressed interest: we will be in touch soon with more details. Your curiosity is the seed of action. To the 19 who committed: you are our heart. You are proof that this community is unlike any other. 

And to every member of the 11Onze Community: whether you participate in this specific initiative or not, know that you are part of something special. A community that reads, reflects, and acts. A community that protects its own by building together. A community that refuses to accept that the only way to win is to let others lose. 

Together, we are building a different kind of future. 

With unwavering gratitude and warmest regards, 

The 11Onze Team
 

P.S. — If you have ideas for projects, introductions to initiatives, or know of farmers or food producers who could benefit from community-backed financing, please reach out. We are listening. We are ready. And with your help, we will build. 

Gemma Vallet, director of 11Onze District -the in-House advertising agency-, starred in the third Fintech Talks at Monday’s coworking talking about NFTs, with the collaboration of Raul Arribas, CTO of 11Onze. Here are the details of the day’s proceedings.

Third session of the 11Onze Fintech Talks at the Monday coworking. The chairs for the audience have replaced the sofas, armchairs and tables, where a few minutes ago you could still hear brainstormings of start-up employees sharing the workspace. On one side, the bar, and on the other, the gymnasium, where two girls observe the preparations for the chat, between each exercise break.

Inside, everything is ready, and the talk begins with introductory questions: What are NFTs, and what are their applications? Gemma Vallet starts with a masterclass on what NFTs are and how they interact with the world of fashion, which is her speciality, and it shows. Vallet tells us that “NFTs are here to stay, because they were born out of a need for digital art”.

Immediately, the public is encouraged to ask more technical questions, about how ownership is guaranteed. “NFTs guarantee control of ownership by the investor, without intermediaries, thanks to blockchain technology,” explains Vallet. She adds, “Auction houses have to transform and join the digital transformation”.

NFT, a speculative bubble or real value?

This exchange turns the conversation towards the interest that many people have in NFTs as an investment asset. Is it real? Is it inflated? How much is a digital drawing of a monkey really worth? And this introduces an eternal debate: what is art? This is fine, because it means that technology is a means (in this case to get art to more people), but the essential questions are the same. Does it make sense to pay millions of euros for Pixelmon’s NFTs? For Superman’s number 1? Thousands of euros to collect champagne caps? Stamps?

The conclusion is that everything is relative, and that everyone can have very different reasons for investing in NFT. Even so, Raül Arribas gives some advice: “If you want to invest in NFT, educate yourself. And don’t buy something thinking that it will be worth X times more, because nobody knows. Buy because you like it. Vallet agrees, adding “Originality gives value, and an NFT shows that the value is yours”.

It’s well into the evening and the formal talk moves to Monday’s terrace, where it becomes a more relaxed conversation, to finish asking questions that haven’t been discussed in the talk. The dialogue is underway, 11Onze’s goal of building a financial community is consolidated. Soon, you will be able to watch the full conference in La Plaça.

11Onze is the fintech community of Catalonia. Open an account by downloading the super app El Canut on Android and Apple and join the revolution!

In the rarefied world of global banking regulation, a quiet revolution is underway. It doesn’t involve picket lines or protest marches, but vaults—specifically, the vaults of the world’s most powerful financial institutions. The implementation of the final phases of the Basel III accords has cemented a profound shift in how regulators perceive gold, elevating it to its most exalted status in a generation. Reclassifying gold as a tier 1 asset sets a  New Golden Rule of Banking.

James Sène, Chairman of 11Onze

For members of the 11Onze Club, who understand that true wealth preservation requires looking beyond the horizon, this isn’t just financial news; it’s a fundamental recalibration of the monetary landscape. But more than that, it demands a new mindset. The common advice to “be your own bank” is no longer sufficient. At 11Onze, we believe you must aspire higher: you must become the governor of your own central bank.

For decades, gold occupied a somewhat ambiguous position on bank balance sheets. Treated with a degree of skepticism by modern financial theory, it was often relegated to a secondary tier, marked down significantly in value for capital adequacy purposes. Under previous rules, physical gold was frequently classified as a “Tier 3” asset, subjected to a punitive 50% markdown from its market value when calculating a bank’s core capital reserve.

That era is now over.

Gold’s Promotion: From Tier 3 to Tier 1

As of the full rollout of the Basel III Endgame—with key effective dates solidifying in 2025 and 2026 across major jurisdictions—gold has been officially promoted. It is now classified as a Tier 1 asset. This is the highest echelon of financial assets, a category reserved for the most secure and loss-absorbing forms of capital, previously dominated by cash and highly-rated government bonds.

For a bank holding physical, allocated gold in its own vaults, this asset now carries a 0% risk weight. In practical terms, this means that gold counts fully, at 100% of its market value, towards a bank’s core capital reserves without requiring the bank to hold additional costly capital against it. The distinction is critical: gold is no longer treated as a mere commodity with fluctuation risk but as a foundational monetary asset, on par with cash.

The Truth About Private Market Demand

According to the World Gold Council, there are approximately 201,296 tonnes of gold above ground, worth more than US$12.2 trillion. The official sector holds 34,211 tonnes (17%), while bars and coins account for 40,621 tonnes (20%). Notably, the Council’s data includes a category for “Other and unaccounted” totaling 29,448 tonnes (15%)—a telling admission that official statistics cannot capture the full picture .

But at 11Onze, we operate on the front lines of the private market, and we know the truth: the volume of gold bought and sold privately is thousands of times superior to the figures reported by authorized organizations. The transactions we witness—the mandates, the family office allocations, the high-net-worth physical purchases—are genuinely far more important than what appears in the press.

This reality is now being validated by major financial institutions. A Goldman Sachs report from January 2026 confirms that “private-sector buyers — not just central banks — are becoming a structural force in price formation.” The bank explicitly highlights “physical purchases by high-net-worth families” and “harder-to-measure channels” as driving the upside surprise in gold prices . Unlike election-related hedges or short-term speculative positioning, these flows are tied to broader concerns about fiscal sustainability, monetary credibility, and currency debasement. They are structurally different—and far more persistent.

Goldman’s analyst Daan Struyven notes that “the perception of these macro policy risks appears stickier“, meaning these private buyers do not liquidate their holdings in 2026, effectively lifting the starting point of price forecasts . The old market rule that “high prices cure high prices” does not apply to gold, because annual mine output accounts for roughly only 1% of the total above-ground stock, leaving little room for production to surge even after sharp rallies .

A “Seismic Shift” for Financial Stability

Industry experts have described this change as “seismic,” a long-overdue recognition of a truth that prudent investors have always known: gold is money. The logic is impeccable. In an era of ballooning sovereign debt, aggressive currency debasement, and persistent geopolitical uncertainty, an asset that is no one else’s liability is invaluable. Unlike a government bond, gold carries no default risk. It cannot be printed into oblivion by a central bank’s fiat.

This regulatory validation is already sending powerful signals through the financial system. Central banks, always the first to move on such structural shifts, have been leading the charge. JPMorgan projects official sector purchases of 800 tonnes in 2026, while Metals Focus expects 700-800 tonnes—levels that remain structurally supportive .

The Urgency: Why You Must Act Now

A market crash is on the horizon. The confluence of geopolitical tensions, unsustainable debt levels, and fragile banking systems points to one inevitable conclusion: those who do not move their assets into liquidity and gold will be left vulnerable.

But here is the critical challenge: if you attempt to purchase gold now, you will likely find the market absolutely packed with demand and very little offer at a discount. Premium purchases are the new reality. Even if buying at a premium feels like a loss in the medium term, it is, in fact, a win.

The September 2025 Premium Purchase Simulation

Let us prove this with a real-world simulation. Imagine an investor who purchased physical gold in  September 2025 at a +4% premium above the LBMA second price.

•  September 2025 context: Gold was already at all-time highs. In India, for example, physical gold (999 purity) was trading near ₹1,09,140 per 10 grams in early September 2025 . Globally, gold had surged past $3,500 per ounce .
• The premium purchase: Our investor acquires physical gold at $3,640 per ounce (assuming a 4% premium on a $3,500 spot price).
• The outcome today (March 2026): Following gold’s historic volatility—including a sharp correction from $5,600 to $4,600—the spot price today hovers around $4,800-$5,000 per ounce. Even selling at the lower end of today’s spot range ($4,800), the investor realizes a gain of approximately 31.8% , despite having paid a premium at the peak of market exuberance. 

This simulation demonstrates a crucial principle: in a structural bull market driven by persistent private demand and central bank accumulation, the premium paid at entry becomes irrelevant over time. The only true risk is not owning the asset at all.

Beyond Gold: The Governor’s Duty to Diversify into Essential Sectors

A central bank governor, if he does his job properly, must place the assets of the central bank in sectors that are essential to sustain the price of money in the country. The same logic applies to your personal finances. You must trade not only in gold but also in other sectors likely to grow in case of global crisis.

At 11Onze, our personal advice is clear: FOOD.

Global agricultural markets face another year of uncertainty in 2026. Climate change, geopolitical tensions, and shifting trade flows mean that prices of key commodities like corn, soy, and wheat are no longer experiencing temporary fluctuations. Volatility has become a structural characteristic of the market .

Chris Trant, head of US Agriculture at Hedgepoint, paints a worrying picture: “After years of bumper harvests, farmers are under pressure from low prices and rising costs for loans, seeds, fertilizers, and transport. This could lead to fewer investments and lower production in 2026” . South America remains the main source of uncertainty, with La Niña potentially bringing drier conditions to Brazil and Argentina—the leading exporters of soy and corn .

Meanwhile, innovative financing models are emerging to fill the gap left by traditional banks. The “missing middle” of food infrastructure—mills, processors, storage facilities—is too capital-intensive for grants, too steady for venture capital, and too risky for traditional bank lending. Yet these assets are essential for giving farmers access to higher-value markets and an alternative to commodity systems.

The 11Onze Initiative: Financing the Food Ecosystem

At 11Onze, we are taking action. We are looking into creating Special Purpose Vehicles (SPVs) to help finance local farmers and the entire ecosystem that depends on them.

It is crucial that we seize the opportunity left by banks and big pockets. FOOD is going to become scarce and expensive. We must work with our local farmers to keep it abundant and profitable for the whole community. As demonstrated by projects like the Blue Mountain Mill—which secured over $50 million in funding through tribal ownership, mission-aligned lenders, and community investors—the “remarkable middle” of food infrastructure is viable when capital aligns around long-term outcomes .

A Call to Action: Join the Movement

In a financial world increasingly defined by complexity, leverage, and counterparty risk, the new golden rule of Basel III is a return to first principles: safety, stability, and the unprinted value of real money. For the 11Onze community, that is a rule worth following.

But we must go further. We must build resilience in our communities.

• If you are a farmer in need of financial support, please contact us. We want to help you access the capital you need to sustain and grow your operations.
• If you are a member of 11Onze interested in food security investments please fill out this form. Join us in building a portfolio that feeds our community while preserving wealth.

As one seasoned market observer aptly put it, the old advice was “be your own bank.” At 11Onze, we upgrade that mandate: Be the governor of your own central bank. Allocate to gold for monetary stability. Allocate to food for physical survival. The two together form the foundation of true wealth sovereignty.

If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.

If you also celebrate Valentine’s Day, you must be looking for a unique and special gift that symbolises your love for the person you cherish. At 11Onze we suggest you give ‘Amor amb Or’ as a gift. A gift that will last forever and that retains its value over time. For Valentine’s Day, gift gold coins!

We all know that Valentine’s Day in Catalonia is Sant Jordi, but if you want to give something more than just a rose or a book to the person you love… maybe you want to jump on the bandwagon of romantic gifts for Valentine’s Day. So, if you’ve already ruled out cologne, chocolates, romantic food and other typical gifts… at 11Onze we have a proposal for you that is as classic as it is surprising: give gold.

Gold coins for the person you love

Gold has always had an air of mystery and magic, a timeless gift with a special symbolic meaning that represents love and prosperity. Celebrate special moments with ‘Amor amb Or’. Surprise your loved one with a unique and precious gift that will remind him/her of your love forever.

‘Amor amb Or’ is the perfect gift for those special moments you want to celebrate with the people you love. Whether for a birthday or Valentine’s Day, giving gold coins as a gift will be an unforgettable detail that symbolises love and will maintain its value over time. If you want to give a unique and special gift, give ‘Amor amb Or’.

Preciosos 11Onze offers the option to buy gold coins from €220. For 11Onze members with an El Canut account, shipping is free. For all other buyers, it costs €9.99. If you want to buy gold coins as a gift, fill in this form and an agent will contact you. You will receive a personalized digital postcard with the name of the person to whom you give the gift. It will also need a physical address to send, shortly after, the gold coins.

If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.

Through 11Onze Segurs you can insure your vehicle with the Catalan mutual insurance company Mussap with a 5% discount. Founded in 1932 in Barcelona as a mutual for agricultural work, it had the support of Francesc Macià and has recently been recognised with the EthSI stamp of ethical quality.

One of 11Onze’s objectives is to offer its community products of the highest quality, which fit in with its values and are competitively priced. For this reason, a few months ago we launched 11Onze Segurs to offer an alternative to the people of La Plaça, also in terms of insurance. We have achieved it through a collaboration with the Catalan mutual insurance company Mussap, founded in 1932 in the presence of President Francesc Macià.

In conversation with the commercial director of Mussap, Marc Castell, we analysed the strong points of the insurance offered through 11Onze Segurs: maximum coverage at competitive prices. “The price indeed depends on the type of driver and vehicle”, says Castell, “but in some segments we are below the market average”.

Mussap’s values

The company stands out for its quality, transparency and its roots in the country. “We have our own offices in all the Catalan capitals and we are present throughout the country. We are very transparent about our identity and feel very involved in a society that not only saw our birth but has also empowered us to grow with its trust“, says Castell. In this sense, the vision is very close to that of 11Onze, which has as one of its objectives to stimulate the Catalan economy. This obviously involves consuming local goods and services.

In addition, Mussap’s quality has recently been endorsed with the awarding of the EthSI stamp of approval. This is a ratification of ethical and solidarity-based quality that assesses the degree of transparency and good practices carried out by insurance companies, insurance brokers and the products they market.

Digital and with discount

If you want to find out how much it would cost to insure your vehicle with 11Onze Segurs and Mussap, you can visit 11Onze Segurs where you will find a simulator. Just for being a member of 11Onze, you will get an additional 5% discount on the price of the annual premium. With 11Onze Segurs and Mussap all the procedures can be done swiftly. For example, you can make a claim online or call the helpline.

To learn more about Mussap’s product and vision, you can listen to the conversation on 11Onze Podcast. Marco Castell, commercial director of the mutual, wanted to make sure we understand the experience and identity of Mussap: “You will not find an entity that is more than 90 years old that continues to be itself, maintaining its essence, without having been absorbed or merged. We are a brand with a lot of personality, identity and independence”.

If you want to discover the best insurance for your vehicle, go to 11Onze Segurs, insurances with 11Onze values.

Pursuing the 11Onze project has become an obsession for the banks, which, in our opinion, harks back to the unsuccessful pursuit of the ballot boxes on 1 October 2017. They try to put obstacles in our way, but in the end, the community always wins.

From time to time, as members of the 11Onze community have noticed, we opt for a low-key communication profile. ‘Why?’ our followers often ask us, eager for us to explain our every move. The answer is simple: whenever we communicate important news, we are attacked. When this happens, we are forced into a period of silent work to overcome the obstacles placed in our way by the banks. Lately, what has triggered the attacks against Once… has been gold.

May: ORIgen

On 8 May, we announced the launch of ORigen. Preciosos 11Onze is now able to sell large quantities of gold directly from mines in Africa. This places the company at the centre of the global gold market and positions it as a rival to the big banks which, unlike 11Onze, only sell gold to high net worth individuals. Until last May, Preciosos 11Onze only sold physical gold at retail to users who do not have access to the channels available to large fortunes. ORigen, therefore, opens up a new segment for us, competing in a key field for the big banks.

Events then unfolded rapidly: Weavr announced the closure of El Canut in a month’s time, causing undeniable reputational damage to 11Onze. Even today, Weavr’s unilateral decision is surprising because it could not achieve anything positive: they have now had to unblock all the money they had retained without reason from 11Onze users, they have lost a business that was operating normally, and they are facing claims to the Financial Conduct Authority (FCA) for the damage caused. All this seems to have no other purpose than to cause mistrust of 11Onze’s products.

Who would buy gold from an entity that sees Canut being shut down? Fortunately, our community knows what happens when Catalans try to go against the grain. And the response was to come out in defence of Once, just as they defended the ballot boxes years ago.

June – July: Precious Days and Golden Farmers

The closure of Canut in mid-June did not affect 11Onze’s main objective: to help its community achieve financial freedom. 11Onze did not earn money with Canut, nor did it intend to, because its business model is ‘if the user earns money, so do we’. It is not about extracting profit from managing current accounts through commissions. This extractive model is not what 11Onze is looking for; rather, we seek to create wealth and grow together.

So, in June and July, Preciosos 11Onze launched two campaigns aimed at generating profits for the community and for the organisation. ‘Precious Days’ at the end of June and ‘Golden Farmers’ at the end of July. The first, from Gold Patrimony, sold out the physical gold we had in stock in less than ten days. The second, Gold Seed, which began on 23 July, achieved a record for ‘Golden Farmers’ in one week. The 11Onze community has once again demonstrated that it is alive and well and that it understands the strategic importance of the products we offer.

And on 24 July… Caixa d’Enginyers 

The ‘Golden Farmers’ campaign was launched on 23 July via an email to the community. It was not even launched openly in 11Onze Magazine, but in a communication that 11Onze sent directly to its subscribers. Since December 2022, the bank where 11Onze’s companies had accounts to carry out these and other operations was Caixa d’Enginyers. Thus, the Catalan bank was fully informed of the operations because it saw the movements in the account and regularly received all the necessary supporting documentation. They knew, for example, that ‘Precious Days’ had been a resounding success and were perfectly aware that a new campaign, ‘Golden Farmers’, was about to begin.

The campaign was launched on 23 July and the following day, 24 July, Caixa d’Enginyers sent two damning notifications. Invoking the anti-money laundering law, they requested supporting documentation for all transactions carried out by Preciosos 11Onze during 2024 and 2025. To leave no doubt as to their intention, they warned that if the documentation was not provided within two days, they would close the account. An incomprehensible abuse.

All this is happening at a time when the account is in full swing with the ‘Golden Farmers’ campaign and with only a few days of holidays left. This is an impossible and unfounded request, as Preciosos 11Onze has always provided the necessary documentation to justify its movements. But this time the decision has been made. Although 11Onze’s financial director, Oriol Tafanell, tries to contact Caixa d’Enginyers, it is not possible to speak to him and time is running out. Two days later, they close the account, blocking Preciosos 11Onze’s activity.

At the same time, and even more surprisingly, Caixa d’Enginyers sent a similar notification to another 11Onze Holdings company that had nothing to do with gold management. The mission was clear: to attack everything related to 11Onze in order to cause maximum reputational damage to the entity, even if it meant skirting the limits of legality. 11Onze immediately contacted all the banks operating in Spain with the aim of opening an account to operate with Preciosos 11Onze. The response was negative in all cases. The operation, of course, is very well coordinated.

New course, new operations

Now that we have reached 1 October, we are more mindful than ever of our mission. We no longer have Canut, which would have celebrated its fourth anniversary on this very day. We no longer have accounts with Banco Sabadell or Caixa d’Enginyers. But that’s okay: we are still operating. We won’t explain how, but we always find a way. Today, the obstacles have been overcome and 11Onze’s mission remains as relevant as ever: to guarantee the economic independence of our community and provide the necessary financial tools to the people of our country. As for Canut, 11Onze will reactivate it, and it will not come alone. When Canut returns, it will be accompanied by Sereno.

And let no one be discouraged. 11Once was specifically designed to withstand the attacks we have received since our inception. We will soon reveal all the details of what has happened, just as we did with the documentary ‘En 4 dies’. The group’s legal structure, which is decentralised and involves several countries, is designed to always move forward. Sometimes we have to remain silent and work quietly, but make no mistake: at 11Onze, we never take a step backwards.

At 11Onze Segurs we have launched a new model of socially fair insurance. And from now on, you can use our simulator to get a home insurance policy adapted to your needs and at the best price. Here’s how to do it!

Calculating the price of your home insurance with our simulator is very easy. We will ask you for some information about your home: such as an address, type of home, square metres, if you have an alarm… And depending on this information, in just 3 minutes we will show you the monthly quote of a home insurance policy adapted to your needs. You will discover that 11Onze Segurs’ prices are very competitive, especially in urban areas.

In the simulator, you will see a list of all the covered amounts, which can be extended, in the basic covers. Even so, if you have valuable belongings with an individual value of more than €2,000 (coverage limit of the basic policy), you can add them to your policy for full coverage.

Additional cover

We will also show you various options for extending your insurance cover to suit your individual needs. For example, you can add other people who live with you but are not immediate family.

If you want to go on holiday with peace of mind, you can add legal costs in the event of a squat in your home. Or cover for theft outside the home, which even covers you if you are mugged in the street, within the whole of the European Union.

We also offer you the option of being protected against any accident. With an excess of only 90 euros per claim, you will have total protection for accidental damage to the building and contents of your home.

Although the simulation process is designed so that you can obtain a quote yourself, in a simple and quick way, 11Onze agents are available 24 hours a day to answer any questions or resolve any doubts you may have. In addition, if you wish to, you still have the option of having an agent do the simulation for you.

If you want to discover fair insurance for your home and for society, check 11Onze Segurs.

Investment coins, also known as bullion coins, are minted in precious metals, usually gold and silver. There are several gold investment coins available on the market, but the Britannia and Krugerrand are among the most popular and coveted in the world. We explain their history and what makes them special.

Krugerrand

The Krugerrand was first minted on the 3rd of July 1967 to market the vast amount of gold produced in South Africa around the world. The Krugerrand was a pioneer in establishing the new concept of the one-ounce bullion coin measure, a standard that is now recognised worldwide. It was also the first legal tender gold coin issued after World War II, in large part laying the foundation for the creation of gold coins later issued by other countries.

The obverse of the coin features the bust of Paul Kruger, President of the Republic of South Africa from 9 May 1883 to 31 May 1902. His surname, Kruger, and the rand, the South African unit of currency, are combined to give the coin its name. A gazelle, the national animal of South Africa, is engraved on the reverse, beneath which is the legend: “one ounce of fine gold”, in English and Afrikaans, a Dutch-derived language spoken mainly in South Africa.

Although Krugerrand coins are 22-carat gold, i.e. 91.67% pure, unlike most one-ounce coins issued by other countries, which are usually 99.99% pure gold, 24 carats, the Krugerrand compensates for this lower grade with more weight (1.09 ounces).

It is an extremely popular coin that attracts many gold investors. Because of this, the Krugerrand usually commands a lower premium over the price of gold than other 1-ounce coins or, indeed, any gold product of similar size.

Britannia

The gold Britannia was born in Europe in 1987 and was the first gold investment coin to be minted in all four weights (1, ½, ¼, and 1/10 of an ounce of gold). It gets its name from Latin, when in the 2nd century a female figure, wielding a spear in one hand and a shield in the other, appeared on coins minted in southern Britain during the occupation of the Roman Empire.

This design remained the same until 2000, with the obverse of the coin showing the image of Queen Elizabeth II and the face value in sterling, a design common to all Commonwealth gold coins. Subsequently, The British Royal Mint introduced a new design of the female figure for the odd years, keeping the previous one for even years. Further variations with the image accompanied by a lion, or the seated Britannia, were minted in later issues.

The marketing of this 24-carat gold coin is as popular in the UK as it is in the rest of the world. Most issues of Britannia coins are readily available, but buying a Britannia from a specific year can be quite expensive due to scarcity. Therefore, buying a current issue in the hope of seeing the value increase beyond the possible upward fluctuation of gold is a factor that cannot be ruled out.

Up to now, with Preciosos 11Onze, it has been possible to purchase gold bullion. From now on, we also offer the option of buying Krugerrand and Britannia gold coins. Gift gold, for tomorrow’s future.

Economic experts have been warning for some time about a reality affecting the Spanish banking system. The deposit guarantee fund, which is supposed to protect our savings in the event of a bank failure, could be insufficient. How can we secure our finances?

In theory, a deposit guarantee fund (DGF) protects the savings we have in the country’s banks by imposing a fixed term of up to a maximum of 100,000 euros per individual or legal entity. In this way, if a bank were to fail and could not meet its obligations to its customers, the country’s DGF would be responsible for compensating account holders for their savings up to a maximum of 100,000 euros. Even so, if you had more than 100,000 euros in a single current account, the DGF would not cover the difference.

This is the theory, but in practice, economic experts warn that this DGF, in Spain, has a black hole that would prevent it from covering losses. At this point, it is necessary to ask how the DGF gets its resources. All the banks that are registered in the State Register of Banks and State Banks, and which have access to financing from the Bank of Spain, have to make contributions to the DGF. Thus, as recommended by the European Central Bank, the DGF’s resources should be at least 1% of the total deposits contracted by the country’s banks.

Therefore, according to the calculations made by experts, Spain’s DGF should have between 5,500 and 8,250 million euros at its disposal. Even so, prestigious economists such as Santiago Niño Becerra consider that this figure falls short in the event that some of the main banking operators of the Spanish State go bankrupt. And, as if that were not enough, they warn that the DGF does not even have these 8,250 million, because it is still recovering from the contributions it had to make during the bank bailout due to the economic crisis of 2008. If the DGF’s figures are negative, they warn, it is necessary to take a cautious approach. This is why banks have complimentary insurance: where the DGF does not reach, insurance must reach.

EMIs, a safe bet

For this reason, experts recommend opening current accounts in banks that have insured customer deposits through Electronic Money Institutions (EMI), as 11Onze does. EMIs are regulated companies that are authorized to issue electronic money as a digital equivalent to cash. EMI licenses are issued by the Central Banks of each country, and in order to operate in the European Union they are required to have a very high capital.

EMIs, unlike traditional banks, are not allowed to sell unsound banking products, promote investment products or recommend credit-risky transactions to customers. This last condition is possibly the most important, because when a client deposits his money in a traditional bank, he is taking a risk. This is because banks are allowed to use customer deposits for lending. EMIs, on the other hand, are not authorized to do so and, therefore, offer zero risk and ensure that your savings are 100% safe.

In addition, these EMIs are required to insure 100% of the deposits received with insurance policies, regardless of the amount. In addition, the money cannot be deposited in just any bank: it has to be a bank of recognized solvency and classified among the Globally Systemic Important Banks (GSIB). Finally, customer deposits insured by an EMI are not part of the balance sheet of the EMI itself and are, therefore, off the balance sheet in case of bankruptcy of the EMI, i.e. they are still protected by the insurance, which guarantees full recovery of the savings.

All the information about Finança Litigis can be found at 11Onze Recommends.