28 September 2022, 20:28
Totally agree Pete ! ....the way things are panning out financially we may well be heading for ( Bail In’s ) if they freeze all bank accounts along with atm’s being closed or restricted .......having cash on hand will be the only game in town......( for the short term ) at most .....I’v been beating this drum a long time .....are we finally here ? Who knows there have been many false dawns over recent years and banks trying to control the velocity and movement of Cash .....they do not want you to remove your money from their banks .....thing is when you hand over your money to a bank YOU become a unsecured creditor of that bank ......if you think the government guarantee of up to £85,000 is going to protect you ? ....do the maths ....HOW ? If this means they give you a share certificate to cover your loss ....who would buy such shares based on face value ? Given the confidence of that bank would be shot to bits anyway ! ......this is not financial advice on my part .....it’s just a opinion as I see things ....you do what you like only you can decide how you try and protect yourselves .......but do not sleep walk into the abyss and loose everything . Check things out for yourselves don’t take what I say is true ....but do not do nothing ! .