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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG (MODERATED) -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (13)	9/27/2013 12:51:49 PM
From: benwood	Read Replies (1) \| Respond to of 51

Last time I bought traveler's checks, for my son to use in Europe, he was raked over the coals in exchanging them. I think if you could, just open a savings account in a Canadian bank which is not likely to rip you off with a bail in.

To: Tommaso who wrote (13)	9/27/2013 1:51:55 PM
From: manothelake	Read Replies (1) \| Respond to of 51

Don't really know anything about traveler's checks, Canadian or otherwise. My only concern with them would be when you go to exchange them to make a purchase, if the economy has tanked, what would they use as the basis of conversion. If they give you face value of the check in a currency that is virtually worthless, you take a major hit. I believe the key is having a "currency" that you can access that retains it's value relative to the cost of buying products/services at the current rate of exchange. Gold and silver, are the only commodities readily recognized for that purpose. The problem remains, where can you safely store, get immediate access when necessary, and avoid the temptation to spend it before you might really need it. Again, just my opinion.