weaving western thoughts

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I don’t have to buy gold

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Deposits Maintained by Non-United States Citizens or Residents
(12 C.F.R. § 330.3(c))

Any person or entity with deposits in an insured bank is entitled to deposit insurance coverage. Insurance coverage is provided whether or not the depositor is a United States citizen or resident.

That’s good. The government sponsored financial sector might collapse, but at least I don’t have to convert my bank dollars into gold to be secure.


Written by cultured ape

September 15, 2008 at 7:51 am

Posted in Uncategorized

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