Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (21807)	8/6/1998 3:18:00 PM
From: John Mansfield	Read Replies (1) \| Respond to of 31646

OT - << This is a VERY serious matter. If everyone were to decide to take that amount of money out of the banking system at nearly the same time we would likely have to close down the banking system. >> Yes, I agree. There have been some reports stating that the FED's are printing additional paper money for this expected hoarding of money. The big question remains if it is the wisest thing to do... might be better to buy some gold coins also... in a hyper-inflation scenario around 1/1/2000, having only paper money is not the smartest thing to do. Elder Germans can testify to that... In a deflation scenario OTOH, 'cash is king'. There has been an interesting discussion about this at yourdon.com; but I don't remember exactly where. I will take action, probably autumn/winter this year. Regards, John