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What is a sensible percentage of your wealth...
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 7
Thread images: 1
What is a sensible percentage of your wealth to keep under the bed in case the banks go belly up?

>implying keeping it all in the bank isn't just as stupid as keeping it all under the bed
>>
>>1042062
Aren't deposits guaranteed by law/the fed?
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>>1042067
But with the direction this country is headed in... Would you even trust the feds at all?
>>
Why would your money be worth anything if a country literally collapses?
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>>1042067
there is no specific time frame for them to pay you back either. that can take 20+ years to pay you back $1000 if they'd like
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>>1042475
If shit goes that far do you think the rectangular pieces of paper will be worth anything either?
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>>1042480
Quite the opposite, look at Greece. Most people couldn't pull their money out of the banks so those who did have cash to spare were able to buy up assets extremely cheap.

>>1042067
The Fed can fail, then their guarantee means nothing.
Thread replies: 7
Thread images: 1
Thread DB ID: 418286



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