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Carl,
If you choose to buy gold ingots or coins, don't leave them in the safe
of a bank. There is not warranty for that.
Only one account is insured by bank. Here, in France, concerning money
it's 70 000 EUR maximum , financial products are not involved like ingots.
I will be surprised that CityBank Germany apply CityBank US rules. One
USD million seems a lot.
Best regards
sidhartha70 a écrit :
>
> Carl,
>
> I think the US government have drawn a very clear line in the sand
> post the bankruptcy of Lehman. Citibank & BOA aren't going to go
> bankrupt... will the be nationalised...?? That's a different debate...
> but either way, depositiors are safe.
> That's my view.
>
> --- In amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>,
> "Carl Vanhaes" <carl.van@xxx> wrote:
> >
> > I know this might be judged as off topic, but I also know this is a
> > general concern across all active traders nowadays: I am based in
> > Europe and have a brokerage account at IB. I have no concern about IB
> > reliability but they are "only" a broker. And my concern is the banks
> > they use to store your and their money, in this case Citibank and
> > Bank of America. When you ask they say your account is insured up to
> > 1 million USD.
> > Very good but I wonder what would happen if both Citibank and BAC
> > failed and went bankrupt. I had a member of my family here which
> > funds purchased at his local banker agancy were supposed to be
> > insured; until they called him some months ago to say that they were
> > very sorry but his investment were 100% lost due to Lehman Brothers
> > bankrupcy. He sued his banker (guess what bank: Citibank!!!) but
> > nothing so far...
> > If you can't even rely on your own banker in this financial crisis
> > then isn't it time to leave trading until this crisis is over? And,
> > in the meantime, buy some precious metal and have it stored in a
> > place you can see and touch ??
> >
> > I like to have your opinions here...
> >
> > Carl
> >
>
>
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