Re:Baoshang collapse threatens China's economy, may trigger ...
by gruez on Sunday June 30, 2019 @02:17AM
(#20316669)
>You can pay them for a safe deposit box and they can properly _hold_ your money if you want
Depends on what your threat model is. A safe deposit box is safe from bank collapses/bail ins, but not against theft.
>but that money won't be worth much in 30 years.
In that case you'd probably be stashing gold rather than bills.
>Unless I'm wrong and some banks provide a fully backed savings account? Doubt it would be worth the effort for them.
because right now there's no demand for it. if there was a period of zero/negative interest combined with low confidence in banks, I'm sure that non-fractional reserve banks would pop up. Either that or people stash their money overseas.
Depends on what your threat model is. A safe deposit box is safe from bank collapses/bail ins, but not against theft.
>but that money won't be worth much in 30 years.
In that case you'd probably be stashing gold rather than bills.
>Unless I'm wrong and some banks provide a fully backed savings account? Doubt it would be worth the effort for them.
because right now there's no demand for it. if there was a period of zero/negative interest combined with low confidence in banks, I'm sure that non-fractional reserve banks would pop up. Either that or people stash their money overseas.