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Silver Wheaton Corp. Message Board

  • sharpie3444 sharpie3444 Jul 30, 2013 7:44 AM Flag

    Bail in, Jim Sinclair

    This is coming to your home town soon, but have you taken any steps to get out of a system that is about to levy an account tax like this so far without exceptions to any entity, corporate or private?

    Gold is for savings, not savings accounts. Gold held in any storage as not allocated is at risk to normal means of storage business.

    If your broker is a bank your brokerage account risks bail in. All clearing houses are presently at risk to bail in, therefore your street name stock is at risk as well as anything held in your brokerage account.

    Your coin dealer could have their accounts bailed in which would in turn confiscate a great degree of undelivered coins of yours

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    • Cyprus, lenders set Bank of Cyprus bail-in at 47.5 percent, sources say

      NICOSIA | Sun Jul 28, 2013 11:44am BST

      (Reuters) - Cyprus and its international lenders have agreed to convert 47.5 percent of deposits exceeding 100,000 euros in Bank of Cyprus BOC.CY to equity to recapitalize it, banking sources said on Sunday.

      Under a programme agreed between Cyprus and lenders in March, large depositors in Bank of Cyprus were earmarked to pay for the recapitalisation of the bank. Authorities initially converted 37.5 percent of deposits exceeding 100,000 euros into equity, and held an additional 22.5 percent as a buffer in the event of further needs.

      "There was an agreement concluding at a final figure of 47.5 percent this morning," a source close to consultations told Reuters.

      Sentiment: Strong Buy

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