Cyprus Deposit Tax: Could This Start A Rush To Hard Assets?

Honestly theres nothing fake about fiat money, its real money as as real as anything else. It has been for quite some time and unless the world falls apart and returns to the middle ages theres not going to be a return to pm money, its not possible.

Are things great no, are they that bad no. Maybe it is deception but its going to go on forever, theyll up up debts before they allow the entire world to collapse.

As far as holding back PM values, theyre coming off of essentially all time highs so I dont see how theyve been held back. They traded for decades with PM currencies at lower prices than they are now, if anything the you could probably say the paper trading has done more to raise the base price than lower it.

Yes theres a lot of stuff out there how silver should just be exploding, the reality is it probably shouldnt. At no point in its 2000+ year history has it ever been viewed as super valuable like some thing want you to believe. Remember theres a lot of money to be made by the fear mongering.

Yup goes to the extreme nothing bad could ever happen, you went to the other that its assured. The reality lies in the middle. Could something bad happen at somepoint absolutely, you dont know what lies ahead 20 30 40+ years from now. But at this point in time right now we do know that a global collapse is unlikely. We and the world have been through depressions before, we arent doing ourselves any favors how were going about it, but this isn't the first bad economic period and it wont be the last.

Every syllable is completely false.




Only if the monster elected is CALIGULA.

Star last comment has it nailed it... haha!

and,,,that is why the US dollar will ALWAYS remain the worlds NUMBER ONE reserve currency, and nations abroad will purchase US debt,,, and why the US long bond will always be the biggest safe haven.

Everyone frets about the US debt situation. Its nothing to worry about. Everyone is out about the dollar.

The bottom line is the entire world is held by the short hairs by the good ole USA :D. the worlds CBs work along side the Federal Reserve.....

this is why, I say, Cyprus was a big nonevent, a big yawner. There was no panic and fear. It did not send shockwaves through the EU.

Furthermore, we JUST came out of a great slowdown. Those kind of events happen but to think that dark cloudy skies and a nuclear winter/meltdown on the financial side will happen... is just wrong thinking. Just look at the complete melt down in PMs....

The Bank of Japan is now fully committed to the currency war. I beleive that will be good news for fund flows into Europe.

100 years ago or so everything was priced in British pounds. Today nothing is priced in GBP.

"A nuclear arsenal and the world's strongest military is as valid a backing for a currency as gold IMHO."

Large armys have killed more currencies than anything else.

"Just look at the complete melt down in PMs...."

What meltdown? I've been waiting for a meltdown like in 1977, so I can get uberbullish, until then there is little reason to take a position in gold unless you have no position right now which I'd venture to guess that almost everyone here has a substantial position. If you think this is a meltdown, you have seen nothing yet. The biggest problem gold has right now is that its a victim of its own success. There are people who have been holding it for the last 10-15 years who are sitting on what are the best returns to be had in the last decade. If other opportunities present themselves they are going to sell, as they should because when gold goes from being allocated in reserve to becoming capital that is good for the economy. Afterall that is the whole purpose of preserving liquidity for use at some future time.

It must be nice to live in lala land, a state of complete unconsciousness.
There's already plenty of discussions about the next world reserve currency.
With a growing 16 trillion dollar debt and QE to infinity, some nations already
stopped purchasing the debt. That's obvious with the only bond buyer these days is your
own Federal Reserve. All G20 countries have provisions in their budgets to save certain banks
with a Cyprus style "bail-ins".(confiscation of wealth). Jim Sinclair stated 2 weeks ago:

"Cyprus was a major mistake by the IMF. This was meant to shift the onus from debt monetization to the depositors. This means you should move your money out of the banking system and into something else like gold. If Cyprus was successful it would have caused the Dow to plummet down to as low as 1000 points because it would be a shift away from QE. QE would be second."

Keep on yawning, you stand alone