This has just started. Repudiation of Cyprus deposit insurance could call into question bank deposits in other shakey nations in Europe acc. to CNBC. Much of money will go into gold & silver.
Yes it will buy into physical, not paper. JPM will hose you badly.
Sentiment: Strong Sell
I am not comfortable with tax cheats. I think cyprus residents should man up and pay, not be sneaking and hide mooney....call me wacky but maybe people should be responsible.