Let's put bail-in into perspective.
I have about $64,000 sitting in my SMSF's bank account with the NAB at the moment. Assuming that a bail-in including ordinary depositors was triggered*, that would leave me with $57,600 in the bank account and an equity position in NAB nominally worth $6,400.
This would not be the end of the world. I am not likely to rush into a volatile investment like gold or hide cash under the bed to avoid this unlikely event.
*My reading of the IMF discussion papers on bail-in, they are likely only to affect bond holders.
https://www.imf.org/external/pubs/ft/sdn/2012/sdn1203.pdf
- Forums
- Commodities
- GOLD
- Europe
Europe, page-10
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, MD & Executive Chairman
David Breeze
MD & Executive Chairman
SPONSORED BY The Market Online