Money In The Bank - Poll

Discussion in 'Currencies' started by hiho, Jul 4, 2011.

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  1. hiho

    hiho Active Member Silver Stacker

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    How do you view your money in the bank

    A . Rock Solid, not a snow flakes chance of being taken from me
    B. Bit worried when the deposit gaurentee is lifted that it may be less secure
    C. Slowly withdrawing it and buying hard assets and supplies for SHTF
    D. What money in the bank, Have Land Cruiser/Patrol/Suzuki Mighty Boy with fishing rods and rifles ready to leave at any minute

    Please answer with A, B, C or D and a little explantation :D

    For the record I am C

    Results to date
    [​IMG]
     
    hiho, Jul 4, 2011
    #1
  2. Mud Gecko

    Mud Gecko Active Member Silver Stacker

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    D, but with a Patrol.

    My savings are in precious metals...
     
    Mud Gecko, Jul 4, 2011
    #2
  3. hiho

    hiho Active Member Silver Stacker

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    fixed ;-)
     
    hiho, Jul 4, 2011
    #3
  4. fishball

    fishball New Member Silver Stacker

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    Between B & C.

    I don't believe we'll be like Belarus any time soon...

    Buying Silver/Gold whenever I can, stocking up on bottled water/cans of food but nothing like preparing for SHTF.

    I've hedged myself by holding offshore assets as well, can get the hell out of Australia if it becomes that bad.
     
    fishball, Jul 4, 2011
    #4
  5. thatguy

    thatguy Active Member

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    D; we saw what happened with the NAB, ironically the shppls I talk to about PMs always say it is a risky stratagy lol :D
     
    thatguy, Jul 4, 2011
    #5
  6. jpanggy

    jpanggy Active Member

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    Feeling B, doing a little of C, preparing D with close quarter combat tools and home made weaponries.
     
    jpanggy, Jul 4, 2011
    #6
  7. Lucky

    Lucky Well-Known Member Silver Stacker

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    C, Putting it into Pms bit by bit
     
    Lucky, Jul 4, 2011
    #7
  8. white-metal-man

    white-metal-man Member

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    currently in C....but looking towards D in the next 12 months......add to that a farm, lots of goats, chickens, maybe even a cow or two......
     
    white-metal-man, Jul 4, 2011
    #8
  9. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    A/B.

    Doesn't mean I'm not buying metal though.
     
    Big A.D., Jul 4, 2011
    #9
  10. Butch

    Butch Active Member Silver Stacker

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    C. Have landcruiser with Twin Purswader (IF you get my drift ).
     
    Butch, Jul 4, 2011
    #10
  11. Old Codger

    Old Codger Active Member Silver Stacker

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    IMNHO,

    Australia has the strongest, best managed, best regulated, and best governed banking system in the world!

    nevertheless, the greatest danger to ANY bank is a 'run' on it caused by a misplaced lack of confidence in it. NO bank can withstand it without Government intervention. They simply do not have teh readily available funds to pay all demand at call.

    It it happened, the RBA and/or the APRA would declare a 'Bank Holiday' for as long as it took to restore calm.

    During that time depositors funds would be Unavailable. For that reason i do not keep a large amount in the account, just a few thousand dollars.



    OC
     
    Old Codger, Jul 4, 2011
    #11
  12. Haggai 2:8

    Haggai 2:8 Member

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    A little from column B, A little from column C.

    But generally speaking, I don't trust anyone with my money.
     
    Haggai 2:8, Jul 4, 2011
    #12
  13. bond007

    bond007 New Member

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    C, but there isn't that much of it at the moment.
     
    bond007, Jul 4, 2011
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  14. boston

    boston Well-Known Member Silver Stacker

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    Interesting topic. You really do need a proper poll for this.
     
    boston, Jul 4, 2011
    #14
  15. fishball

    fishball New Member Silver Stacker

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    /me looks at GP for a Banking Sentiment Poll :]
     
    fishball, Jul 4, 2011
    #15
  16. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere
    A
    I never have $ in the bank for more than 1/2 hours,as soon as I know I have $ in my account
    Its in my pocket
    1 pay the rent/bills
    2 jump on the tram to W.Davis or a phone call to CK
     
    spannermonkey, Jul 4, 2011
    #16
  17. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Was that statement meant to be sarcastic, my Senior Citizen friend?
     
    Roswell Crash Survivor, Jul 4, 2011
    #17
  18. jnkmbx

    jnkmbx Well-Known Member

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    Since I'm on "hold" mode, new income has been distributed to various high interest accounts to reduce risk.

    I'll pick __"B"__, but I'll add one thing: I never felt safe with the deposit guarantee anyway :p


    When I go back to "buy" mode, I'll be distributing the cash as per my strategy though some will stay at the banks since my strategy is to hold 39% in high interest accounts.

    In the meantime, I gotta continue being productive :cool:
     
    jnkmbx, Jul 4, 2011
    #18
  19. euphoria

    euphoria New Member

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    B here.
     
    euphoria, Jul 4, 2011
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  20. BBQ

    BBQ Member

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    + pushie + GST-free food.
     
    BBQ, Jul 4, 2011
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