Sunday, Sep 28, 2008
Keep the money where you can get at it. Banks can no longer be trusted as we have found out
TBR news: The Voice of the White House
And may I give you several pieces of what I consider sound advice? First, if you have any extra money in one of the bigger banks, take it out and put it in a shoe box in your closet. If these banks start to collapse suddenly, which they are very likely to do, even the Government can’t supply them and their branches with enough paper to cover deposits. The second thought is to take some extra money, assuming you have any, and buy gold with it. Get this from a reputable coin dealer and buy older European gold coins like British Sovereigns and Half Sovereigns, French or Swiss francs. Keep away from weird gold from small countries…very hard to sell if you need to….and never, never buy gold and let some big company help you out by insisting they will store it in their “safe vaults.”
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