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Jim Sinclairs's advice (quoted below) was NOT to pull all of your money out of the Bank but enough cash for 1 -2 months. It probably would be good idea to buy a few things food etc... Do not fear or panic just think what makes good sense to do.
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Hold enough cash at your household to last you a month or two. It may be largely unnecessary for the majority, but what do you have to lose? If your bank should fail this will save you a lot of grief in the short term. If they do not, you still have all your cash that can easily be deposited back into your account.
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