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Cyprus bailout = money shift to tangible assets (gold, silver, etc...)
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<p>[QUOTE="Blaubart, post: 1666970, member: 37498"]I get it, but it has never been so easy as it is today for governments to take your money from banks. If they want to get paid, which is the entire purpose of this money grab, it's much easier for them to steal money electonically from bank accounts than to physically grab PM from people's homes. Plus, there's a whole lot more money in banks than there is PM in homes.</p><p><br /></p><p>The 1930's was a different time. When the average citizen was nervous about their future, they hoarded gold. Today, the average person does not hoard gold. In uncertain economic times they spend less money and let their bank account grow. Of course I'm not saying it's right, but it's only logical that governments use a tax on bank account balances to accomplish much the same thing that the gold siezures of the 1930's did. But as wrong as both are, I think the bank account tax is worse because I think it could have very dire consequences for the banking industry, and confidence in fiat currency, which are both vital to the economic health of any nation today.</p><p><br /></p><p>So, when the banks and fiat currencies fail, then maybe we'll see another gold ban/siezure...[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1666970, member: 37498"]I get it, but it has never been so easy as it is today for governments to take your money from banks. If they want to get paid, which is the entire purpose of this money grab, it's much easier for them to steal money electonically from bank accounts than to physically grab PM from people's homes. Plus, there's a whole lot more money in banks than there is PM in homes. The 1930's was a different time. When the average citizen was nervous about their future, they hoarded gold. Today, the average person does not hoard gold. In uncertain economic times they spend less money and let their bank account grow. Of course I'm not saying it's right, but it's only logical that governments use a tax on bank account balances to accomplish much the same thing that the gold siezures of the 1930's did. But as wrong as both are, I think the bank account tax is worse because I think it could have very dire consequences for the banking industry, and confidence in fiat currency, which are both vital to the economic health of any nation today. So, when the banks and fiat currencies fail, then maybe we'll see another gold ban/siezure...[/QUOTE]
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