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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

EU Bail-Ins - Retrospective Bail-In Ignoring State Guarantee - Mark O'Byrne - gold.ie

So here is the game.
Hold assets outside the banking system.
Wait for a bail-in and consequent conversion of deposits to stock.
Wait for a few weeks to months and then convert your assets to cash.
Use cash to buy newly created bank stocks for pennies on the dollar.
Former depositors get screwed because:
1. They trusted the banks.
2. They carried too much debt.
And ...

3. Sheep always get sheared.

Didn't anyone tell you that insurance is, was and will always be a Ponzi scheme?
So are pension plans.

So just what did you learn in school?

Commented 3564 days ago

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Beginning of the headline :Today’s AM fix was USD 1,300.00, EUR 964.68 and GBP 763.76 per ounce. Yesterday’s AM fix was USD 1,307.50, EUR 971.04 and GBP 767.54 per ounce. Gold fell $1.60 or 0.12% yesterday to $1,304.90/oz and silver slipped $0.02 or 0.1% to $20.92/oz. Gold has eked out small gains in London this morning after gold in Singapore fell nearly $10 overnight. Futures trading volume on the move down were very low and 37% below the average for the past 100 days for this time of day, according to Bloomberg d... Read More

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