If @stan is right, a small amount will become very valuable.
He is pushing to 1000X it....
Wouldnt that be absolutely wonderful.
As for the bail ins, arent countries with negative interest rates doing that already? Simply taking money out of people's accounts?
Negative interest rates are insane but I guess that insane is the new normal. I have yet to see any argument even trying to explain how negative rates make any sense at all.
But bail ins that I’m referring to happened on a large scale in Cyprus and with several Italian banks (leading to at least one suicide). See this article for instance:
http://investmentwatchblog.com/bank-deposit-bail-in-law-is-biggest-threat-to-average-usa-g20-savers-hsbcs-james-steel-gold-is-a-highly-regarded-asset/
After the Cyprus “experiment”, the European Union and the United States both quietly wrote bails-ins into law. Anything to save banks.