gold, page-104701

Many people in Greece and other nations have lost the lot when banks were liquidated.

I don't say that will happen here. But you're asking who would hold cash.

There was a time, before the GFC when the government had a policy to guarantee bank savings deposits.

This has been quietly wound back to $250k per account.

Do you think that's a confidence-boosting move?

I don't say any Australian banks will collapse. But it's not impossible either.

If you're hedging you might want a combination of gold or other PMs, cash, property owned outright, etc.

We're in for a high inflationary period, so debt is great with high inflation. But the problem is the crash after that.

You think a market crash is impossible with the Fed moves on tapering and higher interest rates?

You take a dummy out of the baby's mouth, and you don't expect it to cry?