Imagine this: One day, you check your account and find a chunk of your savings has disappeared. No, it wasn’t a hacker. Your own bank has used it to save itself from sinking during a financial crisis.
Sounds like a bad dream? For some people in Lebanon and Cyprus, it was all too real. Their savings were sacrificed to bail out their banks, leaving them in a financial nightmare.
But don’t lose hope just yet. There’s a silver (or golden) lining.
You can take steps to protect your money from being caught up in a bail-in.
American Alternative Assets offers a golden opportunity (literally) to keep your wealth safe. Their latest guide dives into how gold can be a solid shield for your savings against the unpredictable tides of the financial sector.
