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citibank / ubs

 
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Chris67
Roundtable Knight
Roundtable Knight


Joined: 16 Dec 2003
Posts: 1031
Location: London

PostPosted: Tue Mar 04, 2008 3:35 am    Post subject: citibank / ubs Reply with quote

lets face it , these 2 are institutions are effectively bankrupt as i type - the only thing keeping them alive is their begging on their hands and knees to midle eastern investors in the hope that they the arabs have more money than sense and will pile in - in what will probably turn out to be a whole new crisis

What do people think if citi or ubs go under - is our money safe wherever it is - im thinking of buying a bit of gold (bars) and sitting on a bit of cash -literally ? any other ideas ?
Im having sleepless nights over the state of the worlds financial system

chris

_________________
forecasting markets is as futile as forecasting the weather. Personally I gurantee it will rain , but when and by how much - I haven't got a clue
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