Paul Lamont (SafeHaven yesterday) gives sound tips on how to prepare for a serious financial crisis.
One of the points he makes is that in the USA, the Securities Investor Protection Corporation may have no more than $3.4 billion available to protect depositors' losses, compared with anything up to half a trillion potential losses in the current credit crisis.
Here in the UK, depositors are protected by the government, up to a point; but who knows what the government might do if seriously financially challenged.
No comments:
Post a Comment