“Government guaranteed term deposits are among the only really safe investment. And let's not forget that the only asset that assuredly increases in real value during deflation is cash.”
I share your views on cash and I also like physical Gold; however, I can’t agree with money in any of our banks. Even if the government can find the money to make bank depositors whole again how long do you think it will be before you receive your cheque for $250,000.00.
I don’t know how long you could survive without eating but I for one would not fancy becoming one of the respectable destitute waiting for a cheque from Hapless Malcomb. It’s an old 2015 Greek news item but I understand it’s still going on
“Greek debt crisis: In Athens, scavenging from bins has become a way to survive”
