How safe is money in the bank? options?

[jbocker]

On a similar note I think there will be sharp increase in internet scams and frauds.

Yep I think Toilet roll hoarders will be door knocking the oldies for their $750 grants, along with other scummers offering un-needed or pathetic services at ridiculous prices.

 

[sptrawler]

That's why u have some cheap but heavy and bulky silver bullion lying around. If u just have gold it's alright too, there's a heap of silver stackers happy to trade u some for gold..

Great door stops.

 

[bluekelah]

In this thread scenario I would just pay all my bills a few years in advance and keep a record.

No one can devalue what you haven't got

I buy everything cash. Even my house fully paid in cash. Central banks can fark off

 

[qldfrog]

After Citibank closing its local outlet,hsbc might follow.

Sale of HSBC’s Australian retail bank on the cards

Like Citi, which sold its retail bank to NAB in 2021, HSBC, which has struggled against the oligopoly, could look to offload its credit cards and mortgages.

www.afr.com

We are Australians are getting herded into the few majors, plus a few smallish name only players all within government control , no competition and all absolutely incompetent in foreign exposure.
Forex fees are over the roof, unable to offer any workable foreign currency accounts..
I owned Citibank until they were eaten by NAB, and use HSBC with accounts in major currencies i use when travelling..no forex fees or currency commission when using cards or transferring money O/S.
We are slowly trapped.
Would welcome any still existing alternative, outside Chinese banks.