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To: marginmike who wrote (178699)7/10/2002 11:06:26 AM
From: Jack of All Trades  Read Replies (1) | Respond to of 436258
 
Mike, if you're looking to hold the gold stocks for awhile, get the certs... Then show your local broker and put in safe deposit box. You can sell the stocks, but must deliver the certs in < 3days...



To: marginmike who wrote (178699)7/10/2002 11:12:07 AM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
MM, I've never checked it out but Martin Weiss's Safe Money Report covers such topics. I don't have the answers for a real messy economic meltdown other than spread it around. If banks fail the Fed will give you clownbucks even if they have to authorize the teller to Xerox them ( g ?). Mike



To: marginmike who wrote (178699)7/10/2002 11:40:27 AM
From: llwk7051@aol.com  Read Replies (2) | Respond to of 436258
 
Mike, Bank trust departments can hold your stocks and cash and there is no risk if the bank fails. When Texas banks failed, the trusts were not hurt. As I recall, cash is backed up by treasuries each day and trust assets are not subject to creditors of bank. If you are interested, any good bank trust officer will give you details of how they work.
Robert


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