It is the failure of the derivative market,,, that will cause the banks to fail. In fact, it was the failure of derivative "Bets", that caused the Banks in Cyprus to fail. Has the contagion started? Slovenia looks like the next country to fail. Problems in Italy, Spain and France, will start shortly thereafter.
https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/1_Sinclair_-_Something_Has_Western_Central_Banks_Terrified.html
ME has a PEA of 4.3 million oz. Currently the company is drilling their property with a $10,000,000.00 program. The 50,000 meters that will be drilled upon completion, will enable the company to enlarge the size of their resource, as well as move gold from inferred to indicated and indicated to measured. The campaign has be planned by Mr. R. Aubertin. Mr. Aubertin is the same gentleman who proved up the 15,000,000 oz. Detour Lake find.
Physical gold in your possession, has no counter party risk. The people in Cyprus now realize that there is counter party risk, for funds held in a savings account.
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Kapboy