Krugman on Cyprus:

http://www.nytimes.com/2013/03/25/opinion/krugman-hot-money-blues.html?hp&_r=1&

The US is one of the few countries in the world that taxes all income earned without regard to where it is earned. Most European counties tax money only where it is earned. There is nothing immoral or wrong with moving money to a location where it earns more interest and faces less taxes. (I am making no excuse for how the money was earned that the Russians moved to Cyprus; it probably was ill-gotten.)
Second. Look at how the US taxes us corporations with international business. If they, the corporations, moved money to Cuprus and banked there, there would be no tax liability due the US unless and until money was moved back to the US.
The tax havens in Europe are many; Monaco, Switzerland, Lichtenstein, Isle of Man, Jersey, Guernsey, Andorra, even Luxembourg to some extent, and some of the broken segments of yugoslavia and others. I have heard that even poor little Albania has low tax rates and is the second fastest growing country in Europe. The most dangerous countries to invest in are those with un-balanced budgets due to socialist over-spending.
Many of those that used to be aligned with the Soviet Union understand the best how destuctive pure socialism can be and now make the best examples of capitalism.

Cyprus will not go away. The knee jerk reaction in gold after the “bailout” was wrong and now gold is taking back $1600. Don’t let the CNBC shills tell you Cyprus is too small to worry about. No bank or government can be trusted. Get your paper out of all banks and buy gold!

USD ramping….did not see that one coming. LOL.

http://www.zerohedge.com/contributed/2013-03-25/ecb-banking-standards-and-other-great-works-fiction

When the banks open up, I suspect Cyprus may be one of the safer places to bank.

You are having a problem with linear extrapolation, Big Al.

Gold is still down on the day. If people are/will be moving their cash out of their banking institutions it appears that gold is still not the answer as a safe haven. Since the USA confiscated gold from its population a few decades ago I guess this fear may now be in the equation. The US buck now becomes the best deck chair to select on the titanic.

People are not not choosing gold as a safe haven because gold was confiscated back in the 1930’s The average U.S. citizen either wasn’t alive during that time period or doesn’t have a memory that goes back that long. They have short term memory. Even what happened 5 years ago is starting to be forgotten with DOW 14k. The average U.S. citizen has no value about Cyrpus. If gold isn’t a safe haven in this environment I have no idea what it. The initial knee jerk reaction to the “bailout” was wrong and gold is actually holding up pretty well. It still is an uphill battle but the places to park your assets are narrowing each and every day. You can jumo into the stock market at these highs right as the insiders are about to head for the exits, you can sit on fiat $ right before a currency collapse happens, you can buy real estate until the government taxes you to death or just simply takes your property. Gold is the only answer, physical gold.

http://www.youtube.com/watch?feature=player_detailpage&v=qiCcpyKiC_4

Roberts on the 3 bubbles and Dollar collapse