That's a crucial point. After the 2008 financial crisis, significant changes were made to prevent another bailout scenario. The Dodd-Frank Wall Street Reform and Consumer Protection Act introduced the concept of 'bail-ins' to place the burden on shareholders and creditors, rather than taxpayers, during financial distress.
Holding physical precious metals can certainly provide peace of mind, but storing them outside a bank's safety deposit box is a wise consideration. You want to ensure accessibility in times of need.
Thanks for sharing these insights, @silverd510! It's always important to stay informed and prepared.
!BBH
!LADY
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Most people don’t realize that the bill was passed. It a wake up call to those that don’t. That’s why my metals are in a private security place.