So if this is not an Ad for Gold? Seriously can you image going to your NetBank product and getting a message ..."oh sorry you CANNOT ACCESS YOUR MONEY right now because we are taking it to pay our debts, stuff-ups and greed"
I am shocked and concerned about having Cash in the Bank. If this happens again Gold stocks or Property (no debt - as the bank will just take it anyway), IMO would have to get a massive kick. Gee I bet the Cypriots wished they had holdings in Gold instead of cash as that can't just disappear.
Is this what it will take, rock bottom, before the cycle begins again...?
AMX Price at posting:
21.5¢ Sentiment: None Disclosure: Held
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(20min delay)