Is my money safe? RCG - Bank of America

Discussion in 'Retail Brokers' started by quintrix, Jan 15, 2009.

  1. I have a future account with RCG for about 120K held by Bank of America

    Is my money safe?

    Thoughts?
     
  2. bump
     
  3. DmanX

    DmanX Guest

    Yes, why wouldn't it be? Gov't wouldn't let it fail and has provided it additional funding just recently.
     
  4. a lot of $$ is going from RCG > MF
     
  5. ssss

    ssss

    01-15-09 10:24 AM

    I have a future account with RCG for about 120K held by Bank of America

    Is my money safe?

    Thoughts?
    ##############################

    No ....

    1. Best case bled of gold coin,usd,euro , wheat ,meat

    divide at 100 parts and put in earth in 100 different place#s

    2. divide capital in 4 parts ,4 brokers and 4 clearing house's
    Better in different countries
     
  6. tallpaw

    tallpaw

    Your money is safe now !! CNBC reporting that the Fed, FDIC & treasury all are involved in loan guarantees with BOA. Will be getting between 100 & 200 BILLION DOLLARS. BOA is one of the biggest banks in NA. Govt will not let them go down ..
     
  7. Thank you
     
  8. The losses are too great. The government can not afford 60 trillion. It’s just a matter of time. The ponzi scheme is over. Fractional reserve banking is a ponzi.

    Just think if we all pulled our deposits, we could bring down the crooked banks.
     
  9. Your funds are likely very safe @ RCG.

    The futures markets have powerful measures in place to prevent default & issues.

    B of A? Yeah, probably about as safe as anywhere.

    For what it's worth, I've always preferred MF Global, which is the largest non-bank affiliated FCM.

    To be fair, your funds are usually kept @ Harris Bank, which is an outstanding bank.
     
  10. ssss

    ssss

    Your money is safe now !!
    #############################

    ?

    safe can be 100 parts in 100 different location in earth

    with not 100% but with good chance

    Depend objective , political siutation , from qualification as correct place determination and correct mix from gold ,usd,jpy,eur,chf

    If chance of great global war is very good ,better gold
    in small coin's

    Not forget - Secure capital is one task ,
    to make profit -another with more risk
     
    #10     Jan 15, 2009