I have been buying silver dollars, the poor mans gold... just in case.
Jim Sinclair says to get your paper certificate from your broker for your shares. If your broker has exposure to subprime the govt could cease their assets(your stock). I am not sure I buy this but I intend to ask Scottrade if they are exposed to subprime. Why would they cease my shares when they are printing money for the big banks.
Does anyone know ? Would your shares be safe in Scottrade during a financial meltdown?
Would hate to lose my KXL. I was hoping to own stock in Canada TSX would make that less likely. But I don't know for sure its still in my Scottrade account. Hate to have my head in the sand and assume everything will be fine and I also hate to worry about it.