If there is a run on the banks you will be deprived of your resourses either way because the value of any money you withdraw will drop to near nothing.
How many other internet forums across the Country are having the same conversation right now? If even one person goes out and does a panic withdrawal due to this thread, it's one to many. Forums like this are the new "grass roots" and panicking in a situation like this is exactly the "movement"...
No, I did not say that. I said the thread is encouraging a run on the banks, which it is. Every person that panic withdraws their money is contributing to what could end up being a serious problem. Why do so many people find it necessary to exaggerate what someone has said to make any kind of...
All sound advice and absolutely not saying that everyone should go pull their money out, as some here have done.
As for free speach I'm all for it, but just because you have the right to say what you want, it doesn't mean you can't be called a dumbass for saying it.
For someone that isn't encouraging it, you sure seem to make a strong argument in favor of it.
How many people do you think will read this thread? How many people do you think they will tell about it?
It all happens due to panicking account holders rushing to the bank to draw out all their money. Do you really think that encouraging that panic is a good idea? 1929 and the Great Depression would never have happened if not for people panicking.
A run on the banks is exactly what this thread...
Great thread! Let's encourage everyone to go get their money out of the banks and create a huge run that will destroy the banking system and the economy. That way any money you do manage to get out of the bank or have stuffed in the mattress really will be worthless. Fantastic idea! :wacko: :doh:
The silver I bought a while back is now worth about half again as much as I paid for it, sooo.....
You aren't going to buy at spot, but you don't have to sell at spot either. Think about used cars. If you buy from a dealer you're probably going to pay a bit more than you would to a private...
Unless you are sure who is going to win the election, which you really should not be, wait until Nov 4th before considering investments. Good investments will be radically different depending on who wins.
As an example, if Biden wins, start looking at Chinese companies. That's not a joke.