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Originally posted by Sashromi
Funny you should ask this. I just sent an email to friends advising them to diversify their savings among several banks. Sort of spreading the risk.
Additionally, it would not hurt if you had a fair sum in cash at your home or nearby safe deposit box. $10K in assorted denominations: say $500 in fives, $500 in tens, $4k in twenties, and the rest in fifties would be ideal, and useful for exchanges. Plus you can take up to $10K out at one time, without having to fill out the IRS form, if you are worried about that.
Ultimately, converting some of your money into gold and silver is another prudent thing to do. Get yourself about $500 face value in old dimes or quarters, and whatever amount you feel comfortable with in gold coins. I recommend an assortment of sizes, one ounce down to one-tenth ounce.
Pinnacle Bank of Oregon - Beaverton, OR February 13, 2009
Corn Belt Bank and Trust Company - Pittsfield, IL February 13, 2009
Riverside Bank of the Gulf Coast - Cape Coral, FL February 13, 2009
Sherman County Bank - Loup City, NE February 13, 2009
County Bank - Merced, CA February 6, 2009
Alliance Bank - Culver City, CA February 6, 2009
FirstBank Financial Services - McDonough, GA February 6, 2009
Ocala National Bank - Ocala, FL January 30, 2009
Suburban Federal Savings Bank - Crofton, MD January 30, 2009
MagnetBank - Salt Lake City, UT January 30, 2009
1st Centennial Bank January 23, 2009
Bank of Clark County January 16, 2009
National Bank of Commerce January 16, 2009
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