Originally posted by JibbyJediGet your money out of the banks and into hard assets soon. Property, precious metals, just something
other than paper. Only they know how much time we have left before the next skydive in the market.
Please do not take this advice as given. If you are smart, then yes, you should have some assets into precious metals, but to say to get your money
out of the banks and have something other than paper is just nonsense. I hope you realize, Jibby, that some people might actually read your post then
freak out and do just what you said. But guess what, the dollar is not going away anytime soon, and if it does there will be plenty of time to convert
your assets. So I'm assuming that you've done this already just by how your post reads, so how then do you pay your electric bill or mortgage
payment or whatever, with gold? Precious metals are an investment opportunity, not something that you can just use to buy and pay for things. Call
most companies and ask if they take a gold ingot for payment and I'm sure you can guess the response.
There is a lot of weird stuff going on with these resigning's, but fear mongering isn't going to help at this point. I have no idea why all of these
top bankers are leaving, but I'm pretty confident that our country isn't going to result to passing gold or silver ingots as trade unless there is
some sort of nuclear holocaust and only a handful of the people on earth remain. If that's the case, you probably wouldn't even have access to your
gold at that point.
My suggestion is to see how this plays out, but to not panic about it. Be cautious and aware of what is going on, do your research, and more than
likely we are going to be fine. At least I hope so