by Dr. Jeffrey Lewis, Silver-coin-investor:
The general case for holding silver continues to improve as the MFGlobal and HSBC scandals confirm the absence of any rule of law or justice in the global financial system. The Peregrine Financial fiasco only serves to verify this somewhat jaded viewpoint.
Furthermore, the Cyprus “bail-in” or savings confiscation debacle makes it perfectly clear that keeping more than a small portion of one’s assets in the financial system is increasingly unwise and could be subject to greater risks than most investors think.
Add to this situation a dysfunctional government, the media’s overwhelming daily propaganda, and the fact that the rest of the world is sick and tired of being bullied by the United States. Also understand that many nation deals are being forced to bypass the un-backed fiat U.S. Dollar, and it is becoming increasingly clear that the days of paper fiat currency are numbered.
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