Owing Money for the Privilege of Keeping Your Cash in the Bank

by Jim Sinclair

Dear CIGAs,

Get ready, get set, then get bailed in to, so on top of insult comes injury.

It is a logical possibility you might end up owing money for the privilege of keeping any money in the bank.

This is the second significant bank to give this notice. What do you need? Twenty of them to make the same announcement? I would suggest a jog, not walk, to any bank you have money in and try to take out any meaningful amount of cash.

You are in for a surprise. Better to be first in line and the squeaky wheel, not last and begging. Gold and silver will maintain buying power in your hand. Cash is for transactions.

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