Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Is your bank safe?

Is your bank safe?

posted on Sep 19, 2008 06:26AM

The following was reported by Dr. Darryl Robert Schoon on 9-17-08 in his article Investing In Chaos - The Storm Is Here at 321gold.com http://www.321gold.com/editorials/sc... :

"There is $6.84 trillion on deposit in US banks but only $273.7 billion in cash on hand."

Cash reserves versus deposits are 4%. During these unsettling times, is this enough to maintain confidence? How is a person able to figure out their risk with some banks knee deep in derivatives.

Is there any wonder why 2 US banks heavily shorted silver prior to the big drop according to the August 5th's banks participation activity sheet presented by the CFTC?

DESTROY YOUR COMPETITION is an old game.

Share
New Message
Please login to post a reply