Saving Silver Before The Real Confiscation

(Before It's News)

silver-coin-investor.com

The general case for holding silver continues to improve as the MFGlobal and HSBC scandals confirm the absence of any rule of law or justice in the global financial system. The Peregrine Financial fiasco only serves to verify this somewhat jaded viewpoint.

Furthermore, the Cyprus “bail-in” or savings confiscation debacle makes it perfectly clear that keeping more than a small portion of one’s assets in the financial system is increasingly unwise and could be subject to greater risks than most investors think.

Add to this situation a dysfunctional government, the media’s overwhelming daily propaganda, and the fact that the rest of the world is sick and tired of being bullied by the United States. Also understand that many nation deals are being forced to bypass the un-backed fiat U.S. Dollar, and it is becoming increasingly clear that the days of paper fiat currency are numbered.

Implications of the Cyprus Bail-in

Being “Cyprussed” is probably on the table if the U.S. dollar eventually collapses. The monetary powers did not state this quite so directly, but it was clear enough.

So what is left for the reasonable person who has worked hard and saved a few pennies? Not much, but silver is certainly high on the list as an investment vehicle and hedge against such a scenario.

Sadly, the majority of the American population does not have much saved, and the lucky ones who do have wealth stored are usually holding it in the form of real estate.

Perhaps one good thing is that before the projected fiat crisis is over, Keynesianism will have been debunked for a long time. They will just have to follow what the government says or what the real market dictates.

If Washington initiates a Cyprus type savings confiscation action here in the United States — which could occur as early as this year— most media consuming Americans will probably be conditioned to think it is a good idea, especially since it will not really affect them.

The growing confiscation of savings risk continues to make a good case for investing in precious metals that has been driving both new PM investors and the mainstream into the market. Silver confiscation currently seems unlikely given that it will be much easier to go after pensions, other retirement accounts, and/or bank deposits first, since they are mostly in electronic form.

Read More Here

• EXPLOSIVE BREAKING NEWS: Bernanke’s Derivatives Are Still Ass Backwards as the NSA Faces CIA Decapitation
• Do Banks Fake Losses After Sending Bulk Of Holdings To Israel?
• Jim Willie: If Deutsche Bank Goes Under It Will be Lehman Times Five!
• J P Morgan and Commodity Manipulation
• Green Light for City-owned San Francisco Bank
• Biggest financial fraud in history going on before our eyes
• The Man Who Said He Is Doing Gods Work Goldmans Blankfein says: The Worst Case Scenario Absolutely Will Happen
• Bancanado Leaves Abandoned Neighborhoods Killed Thousands
• What Would You Do If A Bank Stole Everything You Owned?
• Here’s What Happens When A Central Bank Goes Bust