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Cyprus bailout = money shift to tangible assets (gold, silver, etc...)
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<p>[QUOTE="doug444, post: 1666655, member: 38849"]As I write at 1:30 p.m., the stock market has come back significantly. This will all blow over in a week. But it's a great wake-up call for non-believers in bullion. </p><p><br /></p><p>As I have tried to hammer into some thick skulls here, THIS TIME IT'S DIFFERENT. Virtually nothing from the past predicts or controls what's coming in the next few years. There has never been a time when ALL of the industrialized nations have been technically bankrupt. Now, with Japan setting the precedent, get ready for currency wars to bail out the weak hands' exports.</p><p><br /></p><p>I will admit that of this morning, I have left one big area unprotected; I've put away plenty of silver, but I still have major exposure to dollar-denominated assets and/or cash. I need to fix this soon. All my accounts are in a credit union, but I don't think that will help much, although the fine print reads differently than a bank's.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1666655, member: 38849"]As I write at 1:30 p.m., the stock market has come back significantly. This will all blow over in a week. But it's a great wake-up call for non-believers in bullion. As I have tried to hammer into some thick skulls here, THIS TIME IT'S DIFFERENT. Virtually nothing from the past predicts or controls what's coming in the next few years. There has never been a time when ALL of the industrialized nations have been technically bankrupt. Now, with Japan setting the precedent, get ready for currency wars to bail out the weak hands' exports. I will admit that of this morning, I have left one big area unprotected; I've put away plenty of silver, but I still have major exposure to dollar-denominated assets and/or cash. I need to fix this soon. All my accounts are in a credit union, but I don't think that will help much, although the fine print reads differently than a bank's.[/QUOTE]
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