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Cyprus bailout = money shift to tangible assets (gold, silver, etc...)
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<p>[QUOTE="InfleXion, post: 1668911, member: 29012"]It would be localized to the Eurozone at first since the USD would get the safe haven appeal bump from those who don't realize they should be in metals instead. The USD is still a currency from a nation that has no intention or ability to pay down its debt, and all fiat currencies will eventually follow the same fate.</p><p><br /></p><p>Any death spike in PMs would be due to a paper selloff such as in 2008, and the subsequent demand would all but ensure a physical shortage. If the powers want to go this route it will be the undoing of their ability to control markets. Not a smart move unless they are ready for end game.</p><p><br /></p><p>I do have to commend for that comment Juan. You have finally come clean as the paper bug you are, thank you for being honest, but shame on you for suggesting people sell half of their stack into a scenario where the very infrastructure of the financial system would be shaken. Sure you could turn a profit in devaluing currency and buy back in paper contracts, but for physical holders that would be a very foolish move as more and more people realize they need the actual metal.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1668911, member: 29012"]It would be localized to the Eurozone at first since the USD would get the safe haven appeal bump from those who don't realize they should be in metals instead. The USD is still a currency from a nation that has no intention or ability to pay down its debt, and all fiat currencies will eventually follow the same fate. Any death spike in PMs would be due to a paper selloff such as in 2008, and the subsequent demand would all but ensure a physical shortage. If the powers want to go this route it will be the undoing of their ability to control markets. Not a smart move unless they are ready for end game. I do have to commend for that comment Juan. You have finally come clean as the paper bug you are, thank you for being honest, but shame on you for suggesting people sell half of their stack into a scenario where the very infrastructure of the financial system would be shaken. Sure you could turn a profit in devaluing currency and buy back in paper contracts, but for physical holders that would be a very foolish move as more and more people realize they need the actual metal.[/QUOTE]
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