Why would people keep large amounts of money in banks in Cyprus when a large portion of the assets of these banks was invested in Greek bonds-- which took a huge hit. That money should be in gold and silver--and it will find its way there.
What is more stupid, telling people you are going to tax their accounts, or not doing it after shutting down the banks after teling them? What would you do now, if you had money in those banks, when they open?.. Biggest run on their banks coming for sure! Buy gold, this will get ugly fast, no matter how they spin it now.
so true. if they don't tax them, what says they won't in the future? so once the banks open, everyone will come to get the money out. where they will take it is another question. Go to italy and deposit there? gold isn't liquid. I want gold to 2000 or higher as i'm in every gold stock there is but am tired of waiting for them to go up