Cyprus Is Small, but the Problem Is Enormous (Video)

Peter Schiff’s latest appearance on Fox Business puts him alongside another investment advisor who agrees that the Cypriot bailout is a signal for investors to move their savings out of banks and into hard assets, like precious metals.

“Why leave your money in the bank, especially in today’s environment where interest rates in general are so low? Why take a chance? And you know, it’s not just on that side of the Atlantic. We’ve got 0% interest rates here in America. Why leave your money on deposit in a bank to get 0% when there’s inflation?”

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