What happened in Cyprus is exactly the type of events I warned about and why money has to be parked in hard assets that are not exposed.
If you do not know what is happening with Cyprus, this is a good Q&A from Guardian,
http://www.guardian.co.uk/world/2013/mar/17/cyprus-savings-levy-questions-and-answers
Update of the event from CBC News,
http://www.cbc.ca/news/world/story/2013/03/17/cyprus-bank-deposits.html
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The Robbery Spree Has Begun. First Target, Cyprus
What happened in Cyprus is exactly the type of events I warned about and why money has to be parked in hard assets that are not exposed.
If you do not know what is happening with Cyprus, this is a good Q&A from Guardian,
http://www.guardian.co.uk/world/2013/mar/17/cyprus-savings-levy-questions-and-answers
Update of the event from CBC News,
http://www.cbc.ca/news/world/story/2013/03/17/cyprus-bank-deposits.html
Share