scrooged said:
(Imagine a bail-in like Cyprus... the banks close.... only a nominated amount is allowed to be withdrawn... all SDB boxes are overseen during this time to ensure the limit hasn't been extended... the contents are noted and go towards the bail-in... bearing in mind that the bank is being bailed so they will gladly rat you out to the government.
Hi, curious to when you do see it happening on your timeline?
Cheers
With due respect, I don't think that is that is the right question.
I think we want to know 'What are the possibilities of that happening on your timeline?'
If you tell me that if I cross the street and there is a 10% chance I'll be run over - dead - by a truck, I'm not going to cross the road.
Likewise, tell me 10% I'll be struck dead if I do not cross, and I'm crossing.
I have concern not only for myself, my children, and my grandchildren as well, so for me, a 10% in the next 50 years is a big deal.
How about 5%? I'm still paying attention.
Some things which are not probable to occur, but realistically possible, should cause us concern.
In my mind, that scenario, or one that is similar, is realistically possible. My crystal ball does not give me the odds.
I have never felt the need to be consumed by a concern. I keep it in mind, sometimes use it to help make decisions.
I'm not trying to convince any family members they should be preparing for some such event.
However, I put my spare cash to preparing, and I feel that is enough. Still making my motorcycle insurance payments, take joy rides on the weekend, eat out someplace nice on the weekends, not doing without. My wife, she is putting her spare cash on life's little luxuries. She knows the general concept of buying silver, and she approves as long as I hold up my end of the family budget.
I'd estimate 80% of my personal (not family) disposable income goes to silver, or other preparedness. That is really not much of the total family budget.
Windfall cash, 100%.
I pretty much live life like the event will probably not happen, because it probably will not.
I'm planning on getting a side car for my motorcycle when I hit 70, because that will probably still be a good idea.
But I have a back up plan.