The Australian Banking Sector

[Mr Medved]

There are two types of people in this world (financially): creditors and debtors.

Creditor = depositor
Debtor = bank

Your deposit is a liability for the bank.

 

[jnkmbx]

why not instead of putting money in a safe deposit box buy hard assets like gold/silver ?

Because I will never go all in on anything.

Thank you for all the input guys!

Same here, I'm never "all in", unless it's my gf

 

[silverwink]

Hmmm, talking of Safety Deposit Boxes ; http://philosophers-stone.co.uk/wor...osits-ahead-of-the-global-financial-collapse/ ,

Cash in the box could get you arrested !