The Cyprus theft has changed everything. Now we know with absolute certainty. Cash in savings accounts is no longer protected or safe. The massive amount of derivatives and the associated risk is not going away anytime soon. Insolvent Banks and Governments are more than willing to help themselves to customer’s deposits. The curtain has been pulled back. These partners in crime will continue to confiscate depositors funds.

None of the problems have been resolved or alleviated. The thefts will continue.

The obvious beneficiaries will be secure, allocated gold in physical form.