Get Your Money Out of Banks and Into Gold and Silver
DM: Next time the banks crash like they did in ’07 and ’08, you’re not going to get out whole. The governments in the United States and Europe have decided, that they aren’t going to bail out banks. It’s just become too big. They can’t afford it. There’s not enough money in the world.
What they’re going to do is what they did in Cyprus is make the depositors pay for the banks. Not the investors, the depositors. If you have one hundred bucks in the bank, they’re going to take twenty of it, what they call a haircut and put that into the bank to stabilize it. You’ll have eighty dollars left. Forget deposit insurance. It’s too low. There isn’t enough on reserve to meet these demands through deposits insurance. Put your money in gold and silver. The only way to protect it.