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<p>[QUOTE=&quot;medoraman, post: 1673498, member: 26302&quot;]I never SAID I agreed with the OP Juan that this would have a quick effect on PM prices. I was just playing devil&#039;s advocate and saying it would be too soon what affect it would have, if any.</p><p><br /></p><p>Cyprus does not have enough money to wad a shotgun. The affect of such a bank seizure, though, would be if it makes other depositers in EU countries, like Spain, Italy, France, nervous, and for THEM to start systematically putting more money aside in non-seizable assets. That would be the affect. In no way can Cyprus, especially with their cash frozen, affect the PM market. </p><p><br /></p><p>I would be willing to wager, though, that a year from now if you polled Cypriots that a larger percentage of their assets will either be offshore accounts or in hard assets.</p><p><br /></p><p>Does this matter to PM prices? IDK, since Cyprus is so tiny, probably not. Its only the psychology to others in the Eurozone that could affect PM demand.[/QUOTE]</p><p><br /></p>

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