He thinks if the big one were to hit, this company will more than likely go bankrupt and will never payout the claims.  

I found out that they packaged old properties with the new, so lots of house issues caused the houses to be un-rent able in the harsh Iowa winters.I tried to provide some coaching on some ways to save their investment, but in the end several people went bankrupt!

They'd go bankrupt really quick, obviously.

If the economy collapsed and brought down a part of the financial system with it, the Trustee will settle your claim in cash, not gold.The real irony is the price of gold could be skyrocketing and the ETF’s could be going bankrupt at the same time.Given these issues long-term investors would be wise to avoid gold ETF’s.

Which is how Dave Ramsey went bankrupt.

Debt can be a great tool, but it can also bankrupt you.

@Jeremy Willis - most of the salespeople / “coaches” at a recent one I went to either weren’t landlords or had failed, been foreclosed/bankrupted in the past.

Also, that loan would follow me if I was to go bankrupt.                                   

Reacting to the crowd was the strategy of the people who went bankrupt. 

They can cause you to go bankrupt.