Comments on: How Will You Protect Your Wealth? – Why Banks May Be Less Safe Now Than Ever

By: Citigroup Bailout - $500 Billion More on the Printing Press | MoneyEnergy

Citigroup Bailout - $500 Billion More on the Printing Press | MoneyEnergy — Mon, 24 Nov 2008 08:02:31 +0000

[...] the Citigroup development of the past week is good to compare with the article I wrote earlier on how safe the banks still really are or are not. The Citi problem was well-contained within the space of about a week – they acted really quickly [...]

By: MoneyEnergy

MoneyEnergy — Tue, 05 Aug 2008 03:13:17 +0000

That sounds good. Which company did you go with for delivery, if I can ask? Or how are you dealing with storage?

I was in some digital gold a while back, but then used those funds up for something else. I’d like to build it back up again.

By: Blake@youngdough

Blake@youngdough — Tue, 05 Aug 2008 03:03:23 +0000

With the scary economic situation we are facing, I’m moving some of my assets to actual physical gold. I do have some paper gold too (through ETFs), but I’m starting to feel much more secure with the gold actually in my possession.

By: Step3

Step3 — Mon, 04 Aug 2008 09:02:22 +0000

You have to be careful when looking at
graphs like that. If you go to the source
page and click on the weekly view it will
show that the peak has passed and borrowing
is coming back down again. If you look in
finer detail you will see that the spike
occurred in March of 2008. Strangely enough,
that was when the Fed allowed Investment
Firms the same borrowing access as banks.

By: MoneyEnergy

MoneyEnergy — Fri, 01 Aug 2008 17:35:39 +0000

It’s funny because just ten years ago Garth Turner was railing on about how the US dollar was growing in to being the next best thing since gold itself and how the Canadian dollar was totally going to collapse. That was before 9/11, Iraq and the cranked-up-speed of the dollar printing presses.

By: Curt

Curt — Wed, 30 Jul 2008 20:55:17 +0000

I also saw that chart. It’s pretty scary what the government is doing. They are just digging a deeper hole for America. We may see hyper-inflation within a few years. I don’t think your money is safe anywhere. You have to get your long-term money out of dollars all together.