Keeping Money in a Mattress
60 minutes just ran a story about how cyber-terrorists are threatening our infrastructure including our financial institutions. They went into detail on how often we are the target of attacks and the numbers were staggering. The most disturbing portion of the report was when they had an expert talking about what would happen if the perpetrators were not out to steal our money but instead destroy it. Imagine waking up one morning to find out that all of the money you thought you had in the bank or in a retirement plan was gone.
This of course set off the panic button in my head leading me to think of the safest way to keep my assets. I came to the conclusion that our grandparents had it right all along, but instead of burying money in the backyard or stuffing a mattress, the best course of action would be gold bars or gold coins. In the event that something catastrophicwere to happen to our financial wellbeing gold would probably be the safest haven in that particular storm.
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