Banks In Switzerland Just Refused To Hand Over Clients’ Physical Gold

[Tony Koretz]

Here is a link to a very interesting article:

November 20 (King World News) – Egon von Greyerz: “What is absolutely certain is that global wealth will be totally decimated in the next 4-8 years. It doesn’t matter if you are very rich or “just own a house” with some equity left. Most of it will come down in value by 75-95% in the next few years as the debt and asset bubbles implode. But what very few people realize or plan for, is the confiscation of wealth that will take place in coming years. There will be confiscation of wealth on many levels

MAJOR ALERT: Greyerz Says One Of The Two Largest Banks In Switzerland Just Refused To Hand Over Clients’ Physical Gold. Even More Surprising Is What The Client Did Next

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[Dianna Bonner]

I wonder if money in a credit union is any safer than a bank?

[Tony Koretz]

Dianna Bonner wrote:

I wonder if money in a credit union is any safer than a bank?

I think to some extent it may be. But in the long term, if the Credit Unions have gotten themselves involved in derivatives, and/or if they themselves are beholden to the bigger banks then they will likely falter at that point too. I am no expert on that though.
Personally I think all “money” aka currency will be replaced at some point anyway. It’s a good idea to have at least some precious metals outside of the banking system where you can get it and have control of it. That’s my opinion anyway.

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