gold & precious metals shares ..., page-10

LEX

If you live in Australia you own the AUD and if you've got cash in the bank you own the AUD.

Check the legislation LEX the Australian Government can now legally take all accounts over 200,000 if there is a need for a bailin.

They also have legislation to take money out of super funds in the event of a bailin. They can do it in a single day now.

Most super funds lost at least 30%, some of them have come back and some have not. If you were retiring a couple of years ago your money would have been a lot less!

Detroits super funds are bankrupt.

The savings accounts in the U.S. have about 0.5% interest rate. If you have over about 50,000 in Australia the best you can do now in the bank is about 4% aprox and with the fees and inflation running at 2% it kinda kills a lot of the profit.

As for the markets right now thay are more dangerous than ever.

Again Ill say this CYPRUS was a test case for bailins and now most western governments have legislation to enact bailins, its just the law now.