Precious 11Onze presents Gold Seed!

Make a profit by buying and selling the king metal. A way to make savings grow in times of uncertainty: at 11Onze, it rains golden ears.

11Onze takes another step forward in its desire to offer its community safe products that allow them to gain purchasing power. And it does so, once again, with gold. At a time of dangerous turbulence in the international banking system, gold is once again one of the safe havens par excellence.

What is Gold Seed?

Preciosos 11Onze’s new product is designed to generate profits. The idea is simple: the customer buys as much physical gold as he wishes, but it is neither sent to him nor held in custody. The gold will be used for one year to buy and sell at the best times of the market. After the year, everything is liquidated and the harvest is delivered to you!

This is why it is called Gold Seed, because you buy it with the aim that it will grow and bear fruit. The economic context gives good prospects for the purchase and sale of physical gold, although the final results will depend on the evolution of the market. In any case, as can be seen in the attached table, in recent years this product has already generated profits far in excess of those achieved with investment funds. A recent study shows that in 15 years (2006-2021) Spanish investment funds have generated an average return of 1.91%.

Now is the time for savers!

Protecting savings with physical gold has been one of 11Onze’s main contributions to its community, and now the range of products is expanding. Therefore, in the face of volatility, high inflation and the growing crisis of confidence in the banking system, gold is once again strengthening its position as a safe-haven asset. Now is the time for savers.

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

Being part of the 11Onze community means trying to be informed of what is going to happen on an economic level. This way, we can better prepare ourselves individually and collectively.

At 11Onze we generate content on a daily basis. Through the Magazine, the 11Onze Podcast, 11OTV, the Fintech Talks, the local radio stations of La Xarxa. We explain ourselves on La Plaça, on Telegram, on Youtube, on Tik Tok, on Instagram, on Twitter, on Facebook, on Linkedin and wherever they let us. Why are we so heavy? Well, because we are convinced that the only way to progress as a society is with knowledge. That if we know how the world of money really works, it will be easier for us to protect our savings and freedoms. Today we share an interview we recorded on November 10, 2022 with 11Onze CEO James Sène on the occasion of the Fintech Talk on the Great Reset of the economy. Some of the predictions are already coming true. Take it or leave it, but we at 11Onze break it down for you so you can prepare.

Green investments

That the world economic system needs a jolt to avoid collapse is obvious if you take a look at the volume of money issued in recent years and the huge public and private debt. However, the tendency of governments is usually to try to keep the economy going with more and more investment, even if it is at the expense of creating more debt. But is it possible to justify more debt? As 11Onze CEO James Sène explained in an interview at the last Fintech Talk, it will all come down to climate change: “It justifies multi-billion dollar investments. We have an excess of cash that we have to drain somewhere, what better than to tell people that without this the planet will end but we have the solutions, again, do it as we say. And I think we simply can’t trust the same people who have brought us this far.”

Now it’s official. An underwater pipeline will be built to transport green hydrogen from Barcelona to Marseille. The work will cost some 2.5 billion euros and the European Union will finance 50%.

CBDCs

On central bank digital currencies (CBDCs), James Sène warned “I think they are the biggest danger we have against freedoms“. Why? Because the economy tends towards decentralization, but in the case of CBDCs regulators are using the image that digital currencies have (linked to decentralization, empowerment of citizens and freedom) but the reality is that they walk in the opposite direction. “That a centralized digital currency is proposed, controlled by central banks and designed not by the people but with the collaboration of banks like La Caixa… it doesn’t touch,” said Sène. Indeed, in recent times we have seen how CBDCs are beginning to infringe on individual freedoms. In Nigeria, the central bank has limited cash withdrawals to force the use of CBDCs. Is this a pilot test of what will happen elsewhere in the world?

The role of gold

“Central banks have bought more gold in the last 2 years than in the last 50, it’s barbaric. There must be a reason for that. When you are looking to strengthen your currency with gold, changes are coming“, said James Sène. That gold will play a central role in the new world economic system is an obvious fact for all analysts, which is why 11Onze has for some time now been offering its community the purchase of physical gold, either in bullion or in coins for gifts. The only question that remains to be answered is who will check that behind a coin there is the amount of gold that the central bank of that country claims to have? And who will check that this gold (or any other finite raw material) has the necessary purity, i.e. that it has not been manipulated?

The role of financial education

To control and be able to keep track of what is happening with everyone’s money (because public debt is everyone’s money), the president of 11Onze stresses the central role of education. “The real power is knowledge of the global economic and financial system,” notes Sène. “We must understand what is going on, because if we don’t understand we can’t undertake well, because we don’t have the foundations to guide new businesses.” This is why at 11Onze we insist so much on financial education, with sections such as Aprendre or the 11Onze Escola service.

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

11Onze Recommends Finança Litigis, a product that allows you to profit from the compensation that banks in the UK have to pay for having committed wrongdoing against their clients. We explain how it works.

A few weeks ago, 11Onze Recommends presented Finança Litigis to its community for the first time. Now, it is time to publicise this amazing product throughout La Plaça. What is it about? Profit by fighting the abuses committed by the big banks.

The first location to do this is the UK where, for years, banks sold personal insurance policies to their customers using all kinds of malpractice. Those abuses have already been condemned by the courts and have opened the door to more than 60 billion euros in claims with a success rate of more than 90%. Shocking figures for the banking industry.

In this context, 11Onze Recommends works with an English provider that offers financing to the law firms that carry out these lawsuits, in exchange for part of the profits. You thought that the banks would always win? Well, not any more!

What profits can be obtained?

You can find all the information about Finança Litigis on the 11Onze Recommends website. The objective is to achieve a profit of more than 27% in relation to the average inflation in Spain. It is, therefore, a product that lets your money appreciate much more than inflation, allowing you to gain purchasing power. All this, in a context of low profitability and high volatility, which makes Finança Litigis a very valuable product. Standard & Poor’s A insurance covers the litigation capital.

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

11Onze works with what is known as an EMI (Electronic Money Institution). What benefits does it offer? First, it is obliged by law to insure 100% of deposits. The financial director of 11Onze, Oriol Tafanell, gives us a summary.

EMIs, in the event of bankruptcy of the bank, also allow savings to be recovered in full, and not just in part, as is the case with the deposit guarantee fund. Moreover, these institutions cannot offer or promote risky investments. EMIs are not to be dismissed,” says Tafanell. The European Union requires EMIs to hold a much higher capital than any other financial institution, and they are regulated by the central bank of each country”. Want to know more about EMIs? Listen to the podcast!

If you want to know more about superior options to make your money profitable, go to Guaranteed Funds. From 11Onze Recomana we propose you the best options in the market.

The first Fintech Talks of the year 2023 features a qualitative study carried out by 11Onze District on Generation Z in our country, about their relationship with money, banks and neobanks.

Dr. Gemma Vallet and Guillem Cama will talk about “Generation Z in Catalonia and money”, the study carried out by 11Onze District with the support of students from different Catalan universities and artists influencers from the Lexa agency.

Many professionals and companies want to get to know this generation, born between 1997 and 2012, because of their direct and indirect influence when it comes to consumption. Although there are many articles and studies about this generation, this study is different.

It features a series of video interviews with a sample of Generation Z in Catalonia, micro-influencers, within renowned Catalan universities. As well as interviews with a group of artists and young people linked to the world of culture today, conducted by the collective and agency Lexa, which specialises in emerging artists.

All this rounded off with the contrasted vision of people at the forefront of research, experts in marketing and branding of various generations. At a historic economic moment, marked by the urgency of moving towards a sustainable economy, talking about and understanding generation Z is key, they are the direct heirs of our society and its economy. You can’t miss it!

Where: Barcelona Tech City. Pier 03, next to Els Porxos d’en Xifré, where the famous 7 Portes restaurant is located and in front of Museu d’Història de Catalunya

When: Thursday morning, 9 February. From 9 am to 11 am.

Confirm attendance here

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

In February 2022, we launched Preciosos 11Onze to offer members of our community the opportunity to buy gold to protect themselves against inflation. One year later, the evolution of the gold price proves why this precious metal is the ultimate safe-haven asset when it comes to securing our savings.

Although 2022 was presented as the year to consolidate the economic recovery, the disruption of the supply chain, the rise in the price of raw materials, the debt crisis and the international geopolitical situation ensured an inflationary context that would reduce the purchasing power of many families.

Faced with this scenario, at 11Onze we advised diversifying savings, converting money into assets that would not lose value. It was clear to us that buying gold was one of the few resources people had to safeguard their money. Thus, with the launch of Preciosos 11Onze we provided our community with the best option to protect their savings.

The loss of credibility of the international monetary system triggered a surge in demand for physical gold at major mints around the world. Not only were central banks buying gold to secure their capital reserves in the face of economic uncertainty, but small investors were also buying large amounts of gold to protect their wealth. This has led some gold dealers to deplete stocks of coins and bullion, extending delivery times when new orders are placed.

The antidote to inflation

One year on, rising prices, together with the loss of the real value of the currency, have led to a large reduction in the monetary wealth of the population, who have seen their savings vanish without even leaving the bank. Even so, the upward trend in the price of gold confirms our forecasts.

While year-on-year inflation in Spain in 2022 was 8.4%, Preciosos 11Onze gold has risen by 10.25%. From €1,599 per ounce of gold on 1 February 2022, it has risen to €1,762.86 today. Or in other words, the strong performance of the gold price has counterbalanced the currency stress caused by the loss of value of the euro.

This means that if we had left €10,000 in the bank, these savings would have lost 8.4% of their value, and would be worth €9,160 today. Whereas if we had invested them by buying gold, their current value in gold would have increased by 10.25% to €11,025.

Widespread economic slowdown

According to a report published by the World Bank, global growth in 2023 is expected to slow for the second year in a row and experience its third-weakest pace in almost three decades. This sharp slowdown in growth will be broad-based, stagnating at 1.7% in 2023, and improving slightly to 2.7% over the course of 2024.

It also predicts that investment in emerging markets and developing economies will remain below the average of the past two decades. It points to monetary policies and tight global financial conditions as one of the main causes of the slowdown in growth.

Although economic analysts expect Spain to avoid recession, GDP growth will fall back to 1% in 2023, mainly because most households no longer have a savings cushion to sustain their consumption spending. However, this trend is expected to change in 2024, thanks to the global economic upturn.

In any case, the almost zero growth forecast for the eurozone economy as a whole, and the recession that some of the main exporting countries, such as Germany, will experience, lead experts to agree that the demand for gold will continue to rise in 2023. Perhaps this is why Forbes magazine has published a report explaining why, even today, owning gold is better than owning money.

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.

Today is the deadline to make a purchase of the gold coins that 11Onze sells to offer as gifts, if you want to receive them by Epiphany. Don’t think twice and place your order, so they will arrive in time!

The gold coins that 11Onze sells since 1 December to be offered as gifts have become the star present of this Christmas season. The stock of Krugerrand 2020 coins was sold out in ten days, but you can still buy Krugerrand 2022 and Britannia coins.

We would like to remind you that every customer who places an order receives a gold coin or coins with a Christmas card and a golden voucher accrediting the purchase. The voucher is personalised with the value of the purchase, the name of the buyer and the person to whom the gift is given. Delivery is free for 11Onze customers with an El Canut account, and costs €9.99 for all other buyers.

If you want to give one of these gold coins as a gift for tomorrow’s future, and you want it to arrive by Epiphany, you have to confirm it today so that the package arrives on time. In the event that we are out of stock, orders placed on 29th December will receive the voucher with the Epiphany postcard, and the coin as soon as the stock is replenished. So, if you would like to place an order, please fill in this form and an 11Onze agent will get in touch with you.

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.

Customers have been receiving our gold coin gifts for days already. But what do the customers receive at home? We show you the unboxing video by one of the buyers.

King Melchior brought a small chest of gold to Bethlehem. This precious metal symbolised purity, as it could not be corrupted or altered, which is why its value was very precious and lasted over time. Gaspar and Balthasar carried an aromatic resin and a balm. If you don’t fancy aromatic cosmetics, 11Onze offers you the opportunity to give the best of these gifts yourself. For the people you care about, for tomorrow’s future, gold!

What you will receive at home

Buyers will receive an envelope containing their choice of gold coins, Krugerrand or Britannia, an exclusive Christmas card and a golden voucher to show for their gold purchase. The voucher is personalised with the value of the order, the name of the buyer and the person for whom the purchase was made. Shipping is free for 11Onze members with an El Canut account, but costs €9.99 for all other buyers.

The campaign runs from December 1st to January 6th, but we recommend ordering by December 29th if you want to receive the coins by Epiphany. In case of a shortage of coins in stock, orders placed by 29 December will receive the voucher with the postcard by Epiphany, and the coin as soon as the stock is replenished. If you would like to buy gold coins as a gift, please fill in this form and an agent will contact you.

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.

The lack of manpower and the shortage of qualified personnel are some of the common complaints in the business world. On the other hand, high unemployment and low wages are endemic problems in our country that perpetuate job insecurity. Is there a solution to all this? What does the future hold for our young people? In the last ‘Que no faltin!’ of this year, David Garrofé, has answered these questions with the participation of the public of La Plaça of 11Onze.

The good performance of the labour market in our country is one of the few positive aspects in the current context of economic uncertainty. Despite the slight increase in the unemployment rate in Catalonia last November, the Catalan labour market continues to recover with respect to the previous year.

Even so, the Spanish state continues to double the unemployment rate of the European Union, although it has narrowed the gap thanks to strong growth. That said, comparisons of unemployment rates with other countries are only relatively useful, since, as the businessman and ex-secretary of Cecot explains, “the system we have for quantifying the unemployed is very imprecise, there are many people who are working who are counted as unemployed, and there are also many young people who do not sign up to the employment services”.

Regardless of the accuracy of the official figures, it cannot be denied that the unemployment rate in our country is excessively high. Likewise, we have “an economic model that is very focused on the services sector, with low added value and focused on tourism, which conditions a job profile with low salaries”, Garrofé points out.

Youth unemployment is a pending issue

With the highest youth unemployment rate in Europe – one in five of the unemployed is under 25 years of age – the precarious employment situation of young people in our country is a real problem that must be urgently addressed. What will our sons and daughters work as? What skills and abilities will they have to acquire? Will they have to leave the country to find a job?

These high unemployment figures seem incongruous to employers who cannot find the skilled labour they need, but as Garrofé explains, there are two factors to consider, “a large part of these qualified young people have not yet been born”, and what is worse, “there is a certain perception that formation is of no use“, and he continues, “those who do not invest in formation will have a very bad time, and will be permanently dragged along by subsidies”.

On the other hand, there has been an evolution of values in the new generations, which should not be confused with a lack of values, whereby flexibility at work and personal fulfilment that allow a better balance between work and personal life become more important.

Likewise, low salaries do not help, as they are uninspiring and lose loyalty, “we have created a financial bubble in which it is much more profitable to play with money than to invest in people“, so while “capital income has been rising, labour income has been falling”, says Garrofé.

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

The last Fintech Talks session of the year will be led by the CEO of Habitat Futura, Celia Galera, an international benchmark in urban energy efficiency. Request your place here.

The energy and climate crises have been at the center of the debate for years and this coming December 22nd will be the topic of 11Onze’s Fintech Talks. How can we apply energy efficiency in our homes, at work and in our communities? Celia Galera, CEO of Habitat Futura is one of the promoters of the efficient islands of Barcelona and will explain to attendees what benefits energy efficiency brings us.

The appointment is in the bookstore of the exclusive Juno House in Barcelona and the talk will be from 10 am to 11:30 am. To attend, it is necessary to make a reservation here.

The talk will be moderated by 11Onze District director Gemma Vallet and will be the seventh session of Fintech Talks. The last one featured Onze CEO James Sène and addressed the Great Reset of the economy, a crucial talk to understand what is happening on an economic level.

A key topic

Becoming more energy efficient involves an economically viable reduction in the energy required to meet society’s energy needs. In other words, if we are more efficient, we will reduce energy loss and, therefore, guarantee our standard of living by being less polluting. And, as a collateral effect, we will save. It is therefore, at the present time, very important to be energy efficient. According to the International Energy Agency, improved energy efficiency in buildings, industrial processes and transport could reduce the world’s energy needs by a third by 2050. It is therefore an essential tool for combating climate change.

When: Thursday, December 22 at 10 am.

Where: Juno House Club. Aribau 226, Barcelona.

How to book: fill in this form

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