Patientrenter, I assume you are referring to Iceland. For US citizens, they may feel safer with keeping everything in their own back yard, but many foreign residents, expats, migrant workers etc, may prefer to spread the risk by using resources more familiar to them. While a bank in Timbuktu might seem bizarre to some, it might have appeal to others who see banks collapsing everywhere around them in the US. However, since the virus has drifted across the oceans, you might ask is anywhere safe? Is a government guarantee any safer than the FDIC, which is equally ill-equipped for a major collapse? I guess the answer is you stick with what you know.
