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iShares Silver Trust Message Board

  • dr_horny_goat_weed dr_horny_goat_weed Mar 28, 2013 2:35 PM Flag

    I TOLD U YESTERDAY THEY GOING TO BE SELLING GOLD & SILVER PAPER TO TAKEDOWN GOLD & SILVER (i'm right again)

    I told you the fed and the bankers is going to takedown gold and silver.. to give you the illusion that Cyprus was a non-event and there's no bank run and everything is fine.

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    • You can only withdraw 300 euro a day.

      If a depositor have 50,000 euro in the bank and wants to withdraw all his money.. that's going to take almost 6 months to do.. going to the bank everyday to withdraw 300 euro a day.

      Another way of putting it... you won't able to get all your money out... you be lucky if you can withdraw few thousand euro out before they tighten up the capital control rules again.

    • People leaving Cyprus may take only 1,000 euros with them.

      A police source told Reuters that passengers leaving Cypriot airports were subject to extra searches. Notices at Larnaka airport warned travelers of the new restrictions and officers had orders to confiscate cash above the 1,000 euro limit.

      Cyprus's difficulties have sent jitters around the fragile single European currency zone. Yields on Slovenia's two-year bonds surged to nearly 7 percent on Thursday in a sign that investors are pricing in a high risk of default, despite denials by the new government that it needs a bailout.
      The imposition of capital controls has led economists to warn that a second-class "Cyprus euro" could emerge, with funds trapped on the island worth less than euros that can be freely spent abroad.

      • 1 Reply to dr_horny_goat_weed
      • Hopefully you understand this is not inflationary news.....While the metals are money and are the ultimate store of wealth a look at the 2008 slam reveals that these banks use gold/silver as a margin call fulfillment....These charts do not look good at all and the the 2 consecutive months of negative closes are extremely bearish in this 12 year run..

        GOOD LUCK............

 
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