Saturday, May 20, 2017
Until the New Bank Comes
By Anna Von Reitz
What can you do to help get through the transition safely and not have everything at risk in corporate banks?
1. There are IRA/401K options that allow you to buy gold and keep it at
home or wherever else you like in your own keeping. Consider transferring your
IRA/401K into physical gold and simply keeping it in a home safe.
2. Remember--- always---- that Postal Money Orders are backed by gold and
are easily exchanged for any form of currency on the planet. A Postal Money
Order is like the "cash of all cashes".
Unlike physical gold, a PMO is as easy to transport as any paper currency.
And although it is totally fungible like a currency, you can -- if you wish --
restrict who can use it similar to a check, simply by filling out the
information sections or not.
I have always liked Postal Money Orders and often use them for my own
savings, even though there is a nominal fee to convert FRNs to PMOs. The
gold-backing, the freedom from confiscation, the ease of transport and storage,
and the universal ability to convert into local currency is well worth it.
But, but, but, BUT...... I hear some of you saying------what about the
interest I can accrue on my savings account in a commercial bank?