Summary: This piece from Commodity Online explores the volatility of the banking system on the heels of the crisis in Cyprus. For example, the Federal Deposit Insurance Corporation (FDIC) only has a fraction of the amount in reserves to cover all deposits. If another major crisis were to hit the US, many fear that outright confiscation would be the solution, which is one reason why silver maintains its appeal. Read more…
Silver retains appeal as bank deposit safety challenged
April 9, 2013 by