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<p>[QUOTE="fatima, post: 1442846, member: 22143"]Many news sources in Europe are reporting that in the last 2 days, 1.5B€ has been pulled from Greece banks in relatively small amounts by people standing in line at banks and cash machines. Could this be the beginning of a bank run there? Could it spread to other very nervous people who pay attention to these things? There were also dire warnings today from the Bank of England and more specifically from David Cameron, the prime minister of the UK. </p><p><br /></p><p>If this spreads, where is this money going? Presumably someone pulling their cash is going to put it into a safe currency. Since PM act as the ultimate currency what does this mean for silver & gold bullion?</p><p><br /></p><p>IMO, right now and based just observing the Forex, it appears to be headed to the USD, GBP, CHF, CAD (odd that), and Gold. Gold was on the rise today. Silver does not appear to be a place where safety seekers are headed as it continues to fall.</p><p><br /></p><p>Opinions?[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1442846, member: 22143"]Many news sources in Europe are reporting that in the last 2 days, 1.5B€ has been pulled from Greece banks in relatively small amounts by people standing in line at banks and cash machines. Could this be the beginning of a bank run there? Could it spread to other very nervous people who pay attention to these things? There were also dire warnings today from the Bank of England and more specifically from David Cameron, the prime minister of the UK. If this spreads, where is this money going? Presumably someone pulling their cash is going to put it into a safe currency. Since PM act as the ultimate currency what does this mean for silver & gold bullion? IMO, right now and based just observing the Forex, it appears to be headed to the USD, GBP, CHF, CAD (odd that), and Gold. Gold was on the rise today. Silver does not appear to be a place where safety seekers are headed as it continues to fall. Opinions?[/QUOTE]
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