at one time i had a stash stored at Credit Suisse in Switzerland but got spooked about them during the banking crisis of 2008 before bringing it home. i also considered storing it in a safety deposit box at my local bank but was advised that if the banking system went insolvent they could repossess it.
You feared that the bank will steal your money because their business is bad? Wow, Bitcoin really is for you.
It's happened in the past. What would prevent it in the future?
i know of wealthy ppl who back in the depths of 2008 were yanking $50K out of their bank accts everyday and storing it under their pillows.
David Einhorn of Greenlight Capital has pallets of gold stored in a private vault b/c he doesn't trust anyone else to hold it.
Eric Sprott of Sprott Asset Management holds his gold and silver in a private vault. He is close to one the largest private holders of PM's in the world.
Have you heard of Bank Holidays? thats when you can't get your money out when you most need it.
Have you heard of hedge funds locking down their clients accts b/c it would be too disruptive to let you have your own money in times of crisis.
why did the FDIC take their individual acct limit guarantees to unlimited even tho they didn't have the money to insure all depositors back in 2008?
most gold investors DO NOT leave their gold at the banks.
You're right, Bitcoin is for me!
