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33,126 Posts.

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15/01/22

15:03

Post #: 58888383
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Originally posted by dolcevita: ↑

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?

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Why would I own gold if I think the market's going to crash?

I'd go to cash or govt. bonds and wait for when I thought would be a good time to buy. I've seen quite a few crashes in my lifetime and they're never permanent, a crash is a great time to 'stack' some quality shares like banks or buy some real estate.

Goldbugs have been predicting crashes here for years, and if they've been overexposed to to gold they've missed out on a fortune.
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