| The run and
subsequent collapse of
Bear
Stearns (one of the world's leading investment banks)
combined with the news on Friday that
Lehman Bros
(also one of the world's leading investment banks)
has had to secure a $2 Billion line of credit indicates an
extreme degree of risk in the US financial system. The
collapse of Bear Stearns,
combined with the redemption halts in dozens of multi-billion
dollar hedge funds, among many other factors, indicates the risk
of a major U.S. bank-run or bank-holiday is growing greater.
If you want to partially insure yourself against a bank failure, you
should purchase approx. 3 - 6 months worth of
your living expenses in either Gold or Silver
Bullion, and then stash it somewhere in your house (don't tell
anybody though, not even your friends) only
to be used in an extreme financial emergency.
Should
you get caught in a bank failure, you can take a
portion of your Gold or Silver coins/bars to your local Bullion
dealer, where you can then convert it to cash, and then use that cash
to pay your credit card bills, gasoline bills, food bills etc,
etc.
In these increasingly uncertain
financial conditions, once you convert
some of your cash or stocks to the equivalent of approx.
3 - 6
months worth of
living expenses into Gold or Silver Bullion and stash it in your
house, you'll sleep alot better at night, I guarantee it.
And don't take my word for
the need to insure yourself against the
growing financial crisis;
the I.M.F. just warned last week to prepare for worsening
financial conditions. |
