Tag: cyprus
Cyprus & Gold – Noise vs Facts
Let us be very clear on this. The Central Bank of Cyprus today announced openly and officially that no talks are ongoing about this subject. What does it tell about the reliability of news coming out of mainstream media related to gold? Correct, the mainstream media simply do not understand the gold market, set aside the dynamics within the precious metals market.
Know Your Customer Should Be Replaced With Know Your Bank
Instead of being suckered into holding intrinsically worthless paper assets, a more intelligent and well-informed response favours increasing one’s personal stockpile of physical precious metals. In addition, it is important to keep some of your assets out of the main stream banking system. Not only should you accumulate gold and silver you should also open an offshore bank account.
The First Crack In The Bond Market Is A Fact
Cyprus made us clear that our money on the bank is not our money, it is the bank’s money. Moreover, there is more debt in the world than there are assets to pay, so somebody has to pay for the debts. Those are the key thoughts about Cyprus by Bob Moriarty.
Cyprus – Confiscation Of Savings A Reality … But What Changed?
The final decision on Cyprus is about to be announced today. Our question is: which structural measures are taken (or at least are being discussed) to solve the core of the problem? What is being undertaken to avoid that this problem returns in 12 or 24 months? Because if it does, it will backfire much harder!
Cyprus – A Frightening Update After An Historic Bank Holiday
Which changes is the country undergoing since Friday March 15th (the day before the historic bank holiday started)? What are the new constraints for holders of deposit accounts, also known as capital controls. How does this all relate to gold?
Nick Barisheff: Cyprus and Gold – Lighting a Candle in a Dark Room
To describe the events in Cyprus and their relevance to gold, we can start with the analogy of a peaceful, self-satisfied Western investor asleep in a dark room. He has had trouble sleeping lately because he is starting to become more concerned about the safety of his personal wealth. He is unaware that he is sharing his room with three large elephants.
10 Lessons Cyprus Is Teaching The World About Money & Gold – Part Two
The Cypriot case is all over the place, in all types of media. However, it is amazing how the following simple facts remain underexposed. It is one thing to look at the news; it is another thing to look at the learning that comes out of the news. For those who are willing to see, here is what Cyprus is teaching the whole world about money, the debt crisis and gold.
Do Not Buy Gold & Silver At Your Own Peril
This is no longer about which asset is performing better? This is all about which asset will preserve wealth the best. Gold has a 5,000 year history. Even the thieving central bankers are buying gold!
10 Lessons Cyprus Is Teaching The World About Money & Gold
The Cypriot case is all over the place, in all types of media. However, it is amazing how the following simple facts remain underexposed. For those who are willing to see, here is what Cyprus is teaching the whole world about money, the debt crisis and gold.
Financial Astrology: Confiscation Not Over Yet
There could be another much bigger raid and Cyprus may be the front runner to desensitize everyone. There could be more shock (Uranus conj. Mars) in Europe over the weekend. Perhaps an epic conditioning experiment and there is risk of this “deposit tax” in American banks next year.
Newsflash: Wakeup Call From Cyprus To The Rest Of The World
Major news hit the wires on Saturday March 16th. Cyprus, although a very small island in Southern Europe, is the next country to announce a bailout of their banks. European officials and the government in Cyprus worked out a deal in which depositors become part of the bailout: every depositor of a bank in Cyprus will be charged a “one-time fee” of either 6.75% (for deposit less than 100,000 euros) or 9.9% (for deposits exceeding 100,000 euros). Source: Reuters. More facts related to this crucial event: The rescue package by the EU and IMF is worth 10 billion euros ($13 billion). The government stated that this bailout deal was a […]
