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Old 12-26-2012, 10:49 PM   #10
Rupert Atkinson
 
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Location: South Korea, Yongin
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Re: Financial self-protection

Well - I see how you think Matthew - very practical. Personally, I think silver is better than gold. And in New Zealand a fishing rod and dingy will probably be better than a gun. It's a fairly safe place to be and I shall be back there after this latest stint in cold Nippon.

Reading up on what is going on - if the banks start to fail (51 small ones have failed in the USA in 2012 thus far) enmasse, the cash in your bank will either not exist, or will become unavailable even though they say it is guranteed since the banks will close - then when they reopen they may limit your withdrawals. This is not insignificant waffle - it has been playing out in Greece, Spain, elsewhere (but is kept out of the mainstream news).

Last edited by Rupert Atkinson : 12-26-2012 at 10:53 PM.

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