I am most surprised that silver & gold prices haven't skyrocketed after the Cyprus debacle.
It now looks like depositors with balances over E100,000 will lose out. Reports say that they will get 37.5% of their money back in shares of the Cyprus bank and there are doubts about them getting anything else back.
I know if I had any money in Greece, Italy, Spain or Ireland I wouldn't think twice - I would rush out and buy gold or silver before I lose it all as well.
Everyone thinks that the Cyprus problem has been solved but I think that the precedent that they have set(money not safe in banks) will have far reaching effects on the rest of the Euro-cash investment fraternity.
