Is Cash No Longer Safe?

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    The recent expropriation of personal savings accounts in Cyprus serves as a warning that even cash in the bank is no longer safe in the event of an economic crisis or bank failure, says Nick Barisheff, president and CEO of Bullion Management Group. In the article, ‘Gold Outlook 2013 And Beyond: Three Key Concepts That Affect Retirement Income And Wealth Preservation,’ he said incidents such as these are one more indication that the world is changing and the fiat model “upon which our lives depend is coming to the end of its cycle.” The article is at Outlook For Gold