Captaintime has a good handle on things. A person would have to be really out to lunch to keep money in the bank. Has the average Joe really seriously contemplated "bail-ins?" That's where officials say is all right to take 10% from your bank account to sustain your bank. This is pure hogwash. Money has been pouring out of Europe and Japan destined for the US stock market. How much longer as things continue to deteriorate in those areas that it will be when a stepped up interest in the depressed pm sector develops? Just look at the CDNX Index, some money has already sought safety here in fear of the banks getting into your accounts. The safest place for your idle cash is in the private sector. Real estate here in Nevada is on the move with stepped up building and increasing prices. According to Armstrong real estate will be ok as an investment for atleast another year. He states the private sector is just warming up and that includes, IMO, the pm stock sector.

Just read where San Bernardino county in California is doing everything to avoid bankruptcy. I suspect the word banruptcy will be a very popular word in the papers going forward until who knows when? Aside from the daily ups and downs in the private sector, it will be superior to the threat to take money out of your bank accounts. Just read recently where Canada is pondering just this. I see no benefit to renting your money to banks for practically nothing with bail-ins on their way.