Why do you think overnight, a large scale wipeout could occur at any time?
I’m not claiming to have a crystal ball.. but it’s not like there hasn’t been banking collapses before.. can you think of many worse conditions for the banking system? For 4-5% APR I don’t personally feel that it’s worth the risk..
Hysteria doesn’t create gradual declines.. imagine being in the stock market without having any stop losses set.. that’s how I feel about having my money in banks right now.. do you really think in some mass financial hysteria that you’d be able to walk into your bank and pull out however much money you want? The banks are willing to screw people even in the good times with fees and other garbage while hiding behind engineered beauracracy.. In the bad times, the teller line is not a line I want to stand in…
Did you buy at the top and sell recently? Because you’re talking about 22% losses.. I own bullion and I haven’t lost or gained anything.. because I haven’t sold it.. and if you check my post it says I’m going to start accumluting more bullion.. if it’s 22% off it’s high, that’s great I’ll own even more!
