[V K Lee]

So you’re suppose to use multiple banks to insure your money?

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That’s your choice. Needless to say ‘the government’ is
unable to insure much of anything these days other than their
assurance they will tax us to death or just out and out pick
our pockets to make their payrolls.

[cgbg]

The problem is that if the banks fail they will take the world economy with them.

At that point we are talking third world barter—everywhere—and there will be no “safe haven” anywhere.

That is my issue with gold—if everything hits the fan there will be no gold market.

Gold is best in a period of high inflation that is not bad enough to crash the entire economy—that is a “goldilocks” outcome that is fairly unlikely over the medium or long term.