This is interesting. I wonder if a bank goes under, and you have something in a safe deposit, do their terms stipulate that they can take possession of it in order to repay other creditors first?
I wouldn't trust having it anywhere but in a safe at your property, or buried in the ground.
This meme is all wrong unfortunately.
When bank runs happen, the people in line are not smiling… because the money is already gone.
Not to mention that some of us patriots just need to buy some eggs and fill up their gas tank to drain their account these days.
You're smiling if you are first in line, and he's giving you your cash
You're right about that, which is why I've been drawing down my cash for the last 4-5 months.
I would definitely be nervous if I banked with a nation wide bank. Small, conservative and local will fare better, IMO.
I have more cash in my pocket than in my credit union.
And I also have 1,000 oz of silver in the credit union save deposit box. And more in my gun safe.
This is interesting. I wonder if a bank goes under, and you have something in a safe deposit, do their terms stipulate that they can take possession of it in order to repay other creditors first?
I wouldn't trust having it anywhere but in a safe at your property, or buried in the ground.
It's all just IOUs anyway.