Peter Schiff’s April Gold Letter came out today with a piece by Bun Conrad on the US bond bubble, the latest Lampoon the System comic, and a detailed look at the exciting Valcambi gold CombiBar. In this month’s commentary, Peter dissects the Cypriot banking crisis to reveal its broader implications for the world:
“There are many signs that the Cypriot government’s desperate attempts to keep its system afloat – capricious bailout dealing, an extended bank holiday, and widespread capital controls – have deeply shaken confidence in the entire Western financial system.
Just a few days ago, the Financial Times covered the post-Cyprus spike of interest and inflows into my 100% reserve Euro Pacific Bank. (EP Bank is based in the Caribbean and due to financial regulations, not available to US citizens.)
We’re also seeing the rise of the ‘unbanking’ movement, whether through barter associations, Bitcoin, or precious metals.”
Continue Reading Peter Schiff’s Gold Letter
Cypriots in the Streets
Peter Schiff’s April Gold Letter came out today with a piece by Bun Conrad on the US bond bubble, the latest Lampoon the System comic, and a detailed look at the exciting Valcambi gold CombiBar. In this month’s commentary, Peter dissects the Cypriot banking crisis to reveal its broader implications for the world:
Continue Reading Peter Schiff’s Gold Letter