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Author Topic: Banking Questions  (Read 1836 times)

Eyeball Chambers

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Banking Questions
« on: June 07, 2008, 07:27:48 AM »
Where do you bank?

Is it safe to keep large amounts of money in the bank right now?
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boonasty

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Re: Banking Questions
« Reply #1 on: June 07, 2008, 09:28:59 AM »
Quote from: RonPaulFan on June 07, 2008, 07:27:48 AM
Where do you bank?

Is it safe to keep large amounts of money in the bank right now?

i feel tangible investments are the best way to go at this time as the dollars worth continues to drop.

so i would try to have my money in metals, farm land etc and not have alot of money in the bank which could be losing its value almost daily for instance yesterday it was down .69 to 72.34
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calmus

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Re: Banking Questions
« Reply #2 on: June 07, 2008, 09:31:58 AM »
If it's less than a 100k, you're ok.  FDIC will protect you if your bank goes belly-up.  If your bank is too big for FDIC to protect, you're fucked regardless. Unless you converted all your money into oil barrels you stashed somewhere.
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