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<p>[QUOTE=&quot;Juan Blanco, post: 1673520, member: 41665&quot;]You wrote:</p><p><br /></p><p><br /></p><p>That&#039;s an excellent question to put to the forum. I did. No need to get defensive.</p><p><br /></p><p>To paraphrase you &quot;{in} a year from now, it&#039;s very likely a significantly larger percentage of <i>Cypriots&#039; </i>assets will either be offshore accounts or in hard assets&quot; </p><p><br /></p><p>Well what you wrote is very waffle-y and vague but I agree that more Cypriots will probably hold +Ag/Au, YES. We&#039;d need baselines for what %age of the Cypriot public has assets offshore and in hard assets in 2012. I believe some/many already do hold some %age in PMs (because I&#039;ve been there &amp; know/heard that&#039;s historically a tradition/practice) but we&#039;ll see how &#039;offshore accts&#039; <i>for Cypriots </i>will be affected going forward. Foreign &#039;offshore&#039; asset might evaporate, but those aren&#039;t CYPRIOT assets either.</p><p><br /></p><p>This phenomenon might affect PM bullion prices but only if IF IT SPREADS (Euro-Malaise) because YES, Cyprus itself is basically a sideshow and insignificant in global PM demand anyway. </p><p><br /></p><p>The SIGNIFIER, however, might be milestone - we shall see.[/QUOTE]</p><p><br /></p>

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