URGENT WARNING! 2nd largest bank failure in US history just happened, and the FDIC is underfunded
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Lynda Squires 1678742899
Hello Riley, thank you for your reply. I look forward to Dr. Kirks video. I also now have concern seeing these posts about Delaware. Our questions are the following. 1) I know Dr, Kirk has stated he know the owners of the Delaware depository. Has any one physically been there? 2) A post states your firm recommended someone transfer from Delaware to Texas. Why? 3) What proof is there that this facility is financially solvent and reputable?
Riley Elliott : COO for KEPHD 1678728797
Hey everyone! I am here to address your comments on DDSC and our storage options. DDSC is completely safe! You have singular ownership with them, so even in a "bank run" situation, your metals are fully safe since you own your individual products 100%. At a bank, your cash is allocated to others while it is held there which causes problems when bank runs happen. So please don't worry about that! Dr. Kirk will be sending out another commentary in the next few days about this specifically. If you have any other questions please don't hesitate to call us at 720.605.3900
Sally Davis 1678667901
You’ve been right about every thing, Dr. Kirk and we plan on another major purchase. Just one question - how do we know that our corrupt Government won’t confiscate whats stored in the depository?
Jane Rice Giffin 1678661660
I am also concerned about my silver, that’s being stored in the Delaware depository ! I have not had a return call back to myself either, and I contacted Sam on buying the silver about 10 days ago. We need to transfer that money in my Roth IRA, into silver and then have the silver moved to another choice , please get in touch!!
SCOTT ALLEN ANDERSON 1678645442
OK Dr Elliot I have 300,000.00 in bonds with Schwab. I want to buy silver with it and store it in the depository with my other silver bullion. Am I too late or can this transaction be done quickly???? Like tomorrow morning 3/13/23 ? I am a current customer.
Jane Rice Giffin 1678631405
Thank you for the warning!! I do have money in my Roth IRA that needs to be transferred into silver, it’s in my Strata account. I messaged Sam last week, haven’t heard whether it was done, yet ! I will call tomorrow!!
Mark Starke 1678628421
Hi Kirk, you always talk about banks and the potential problems but you never mention credit unions. I have all my deposits in a credit union not a major bank. Is there safety there or no difference?
Janet Demello 1678613293
I think I will buy money orders to pay bills after I cash that check and keep cash for that but will buy more silver bars with some of it. Wondering if holding fiat currency is a good idea for bills!
Janet Demello 1678613013
Thanks for the information!!! I'm going to be paying bills next week and won't have any money left in the Bank but will end up with cash the following week for groceries etc so I guess I will buy more food etc and get rid of the fiat currency that way but will be getting a large amount of money the week of the 25th and will have to cash that check and not deposit it so
Amy Roby 1678609310
I work for a credit union in California. The credit union I work for, and I assume most of them, are NON PROFIT which means they are not investing in high risk investments like derivatives etc because they don't have shareholders to appease. Credit Union members ARE the shareholders. My honest opinion is that most credit unions are fairly safe and you probably don't have to worry about them running into these troubles that the banks are running into. Having said all that, if everybody goes in at once to pull out all their cash then they will be in the same boat because they also do not have all the cash on hand for all the deposits. Your credit union is lending your deposit balances to other members for auto loans, mortgages, credit cards, etc. The difference is their loans are less risky and their investments are too. Credit unions is where I would recommend you move your deposit accounts if you are in a big bank now.
Peter ORorke 1678605304
For those of us who do not have time to monitor the market situation all day once silver makes its move and it's time to convert to gold who contacts who first will our representatives be in touch with us?
Deanna G. DeBondt 1678603688
My concern, we own our home, have money for property tax and to pay our monthly upgraded solar bill payment. Can the solar loan company take our home, if cash is no longer worth nothing, and they do have no brick and mortar building to walk into to receive silver or gold as payment? Do you know how state and Fed taxes can be paid or received if banks shut down. I cannot get into accountant until first week of April. If banks shut down will state and Fed Tax entities shut down as well, and kick us when we have no way to get funds to them if we need to pay???
Andy F 1678595137
Okay so if we sell a bar of silver, how do we get cash from that? If you direct deposit into our bank, how do we get the cash if the bank doesn't have the money? So in other words, what do we do if we need cash now?
Linda Boeckman 1678588781
Well looks like hubby found this news before me but he’s been the doubting Thomas that didn’t believe it could happen. Do what we can to take care if ourselves and pray.
Rich D. 1678586129
When the Dollar tanks, gold, silver and other precious metals will skyrocket, but only in comparison to a failing dollar. What happens if we go to a currency backed by gold. A strong dollar backed by gold would bring us back to around $30 an ounce again. How could then this jubilee bring us 30/60/100 fold in returns?
David Wood 1678583270
Thanks for heads up Kirk , yes buy gold and silver and cash under your mattress and prepare with water and food and fill up the tank with gas and weather the storm that will last for 14 - 30 days till this soon global financial reset is done . And get a Holy bible and pray to Jesus . Amen
Gayle Smith 1678583264
My mortgage is my only debt, besides my utilities. Ugh. This is such unfamiliar territory. I get paid Social Security with auto deposit. But if I did receive a check in the mail, I wouldn't even be able to cash it! Thank you for the update. I'm clueless, as are many others, I'm sure!
Yolanda Cristina Archibeque 1678583216
Thank you Dr. Kirk, in this for the long haul. I'm rich with good health and a great family and circle of friends. Peace be still 🕊️ BLESS YOU and your team 🙏
Peter Matisoo 1678581093
Dr Kirk, Regarding the FDIC, my understanding is that they insure up to $250,000 per account. The maximum exposure the FDIC would have is $250K times the number of accounts at SVB (assuming all those account values exceed $250K). Your point is valid that this is likely a big chunk of the FDIC's available assets, but would that affect your calculus that FDIC's assets would be nearly exhausted in this one instance?
Pete Matisoo 1678580568
Dr. Kirk, Understood - you've prepared us for this. What about a mortgage? That's my only debt ... what are some potential scenarios? Thanks for your sage advice. Best regards, Pete