Monday, May 28, 2012

Bank Runs in Greece Picking Up

Greece has been in a situation where the bank run has been ongoing for about two years, but last week it really started picking up some momentum. The latecomers are starting to get some serious money out of Greece and move it into the rest of Europe.

Richard Russell, many years ago, made a very interesting statement. He’s someone who actually lived through the Great Depression. He said that, ‘Coming through the Great Depression, the survivor is the person who loses the least.’

That’s something that we should be thinking about. How do we protect our assets here? How do we protect our wealth and our purchasing power? I keep coming back to gold’s 5,000 year history as money. I keep coming back to specifics. What was the way to survive the Great Depression in the 1930s? It wasn’t to have your money in a bank, it was to have gold and silver. We are still in major bull markets for gold and silver.

- James Turk via a recent King World News Interview. Read the full interview here: