are the banks bankrupt?

  1. 449 Posts.
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    We get paid with no cash-efted to our accounts.
    We go shopping-no cash emerges-we use credit cards.
    Everything is a cashless society.
    If there was a situation where people panicked & wanted real cash under their pillows & there was a run on banks-how many would get all their money in cash.
    Should the banks have enough gold bullion to cover their supposed deposits, or at least some part of it.
    I think most banks would struggle to find cash for more than 5% of their customers deposits.
 
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