Hello Again, Mithan415,
Thanks for your response. A concern is storing gold/silver in my house - could get scary if someone found out, and especially if any measure of social upheaval begins. Canada has centralized banking, is regulated by stringent rules, and their banks are considered the most stable, safest in the world. (I believe Gold Money stores their gold in a British-based Canadian bank (?).
Some CA banks have branches in the US, but I'm not sure if the US govt. could take these over/close them in the event of a crash? Do you consider Canadian banks in the US a safe place to store metals if necessary? I'm sure there must be rules for going directly into CA, renting a safe deposit box, and storing $$ there. Perhaps okay to consider?
If it's possible the dollar won't be worth the paper it's printed on, is the only alternative to convert all my $$ into gold/silver? That's really a very, very risky tact for someone like me - but is balanced by the idea of losing it all if I do nothing. How do you feel about the stability of foreign currency if the USD fails?
I've been reading books about the USD by Peter Schiff, Charles Goyette, etc. Coupled with all the media/web hoopla, it's both scary - and confusing! On top of all this, I'm a social worker, and believe me, there's some very angry rhetoric I routinely hear regarding entitlements and rioting (a la Greece.)
I'm certainly not fearful or panicky, but I do feel I need to get reliable information and something planned; and perhaps make some (hopefully intelligent!) moves if necessary. Also in lieu of the real inflation rate for fuel/food, how do you feel about food storage?
Thanks for any feedback you would like to provide - much appreciated! SG