Where is your money safer? Bank, CSE Broker, Crypto, Buying assets?

Open to forum members opinions and analytical conclusions as to which one is safer to survive any economic imbalances such as country crises which can lead to liquidation of public savings accounts to keep country float such as what we have seen happen in Russia in recent history.

Excellent and timely topic!
Below are my views.

I’d like to take the example of what happened to Lebanon. So what happened there?
Lebanon was a safe haven in Middle East banking as they held secrecy of investors. Foreign dollars flowed to their banks for safekeeping and hence the dollar reserves were great. Lebanon imports most of their consumables. There is also a very sensitive racial/religious in Lebanon between Christians and Sunni and Shia Muslims in governance due to years of civil war which ended in the 90’s.
Politicians were plundering the wealth of the country.
However the cookie started crumbling. Covid made it worse. The ship that blasted with chemicals last year also added to the misery. Dollars stopped coming to the Lebanon banks. The country spent its dollars for importing consumables including food and suddenly the country faced a shortage of reserves and defaulted on their debt payments! Local currency depreciated by 90%, inflation is sky high, poverty all time high, imports cutdown because the country was not able to afford it. Total chaos.

Return to the subject of the post -
What happened to the people’s money in the Lebanon banks? Banks locked the money.. no/limited withdrawals. Money has lost its value.

1. Money saved in banks has a depreciating value. In a economic crisis it’s even useless.
2. To hedge against depreciating fiat currency better to invest in assets.
3. My preferred assets are land, gold and Bitcoin (not any other crypto coin). These assets have limited supply and has a long term appreciating value. There’s more volatility in Bitcoin since it’s still in its early stages of adoption and with more exchange regulations it will be stable in future.

What is the thought on stocks? or balance remaining with brokers once trades profited or balance reserves for trading later? Is it safer than banks?

Since overall it seems private banks would have a similiar safety to broker balances?

Agree on asset value only issue is land is hard to convert to cash takes too long. Other too are good solutions as they are easy to convert between.

@N W wrote:What is the thought on stocks? or balance remaining with brokers once trades profited or balance reserves for trading later? Is it safer than banks?

Since overall it seems private banks would have a similiar safety to broker balances?

Agree on asset value only issue is land is hard to convert to cash takes too long. Other too are good solutions as they are easy to convert between.

On the assets what we need to do is diversify right. So land can be the illiquid asset class, gold and Bitcoin can be the more liquid asset class. Let’s not forget with Bitcoin staking you can earn a good interest from exchange wallets and digital banks too.

Cash kept with a broker without investing in stocks will give you nothing. At a bank you will get at least a small interest. Cash at hand with a broker is good to buy market dips.

Safety wise my knowledge is limited in terms of what if a bank goes bust vs what if a broker goes bust. Our CSE money is with the CDS so even if a broker goes bust I believe the money would be safe.

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