Australia Plans Cyprus-Style “Bail-In” Of Banks In 2013-14 Budget

Yeah, got a few bundles in the banks

Just wandering if there is a way to keep it in a liquid form of some sorts but avoid being chopped off at the neck (hair cut seems too humane to depositors). Will any unused cash in your trading account be safe ?

Worst case I am thinking about buying some Govt bonds or higher quality Corp bonds with fair bit of the money in the bank to reduce this bank deposit risk we are talking about. What do others think ? Not sure if there is any others concerned or @wayneL is the only person other than me with some coin in the bank.

Not keen on buying Gold and risk being stolen or pay money for people to guard it and even then run the risk of Govt theft via confiscation as has happened in the past.

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