Jump in Euros “Confirms Gold as Safe Haven” as Cyprus Imposes Eurozone’s First-Ever Exchange Controls

London Gold Market Report

from Adrian Ash, BullionVault

Thurs 28 Mar, 08:50 EST

 

Jump in Euros “Confirms Gold as Safe Haven” as Cyprus Imposes Eurozone’s First-Ever Exchange Controls

 

The GOLD PRICE slipped back to $1600 per ounce Thursday morning in London, heading into the 4-day Easter weekend 1.3% higher from the start of March.

Silver bullion was flat for the month at $28.65 after recovering yesterday’s sharp 2.3% drop.

European stock markets shrugged off overnight falls in [...]

BREAKING: Cyprus, Troika Agree On 40% Haircut On Wealthy Depositors!!! BANK RUN IMMINENT!! Russian Leader Warns, “Get All Money Out Of Western Banks Now!”

Cyprus told: take bank levy or leave euro

President, eurozone finance ministers and bailout troika hold emergency meeting as €100 limit imposed on ATM withdrawals

Wealthy Russians stand to lose billions of euros in Cypriot banks under draconian terms being hammered out on Sunday night in Brussels to prevent the Mediterranean tax haven becoming the first country forced out of the single currency.

Negotiations got underway [...]

D-DAY IT IS INDEED: IMF-GERMAN PLAN WILL LEAD BANK OF CYPRUS TO DEFAULT!!! RIKSAT REPORTS THAT EUROGROUP MEETING DELAYED DUE TO LACK OF PROGRESS; POSTPONED TO 7 A.M.!!! BOMB EXPLOSION AT BANK OF CYPRUS IN LIMASSOL

CYPRUS BANK ATM WITHDRAWALS: 100 EUROS MAX NOW!!!

The central bank in Cyprus imposed a 100-euros per day withdrawal limit at cash machines for all local banks on Sunday to avert a run on lenders.

A spokesman for second largest lender Cyprus Popular Bank , which had previously limited withdrawals to 260 euros, said the new measure began at 1 p.m. (1100 GMT) and would remain in place until the bank [...]

U.S. Stocks Sell-Off Accelerating; Dow’s Off More Than 100 Points As Cyprus Situation Worsening

Dow

/quotes/zigman/627449 14,401 -111 0.76%
 

Nasdaq

/quotes/zigman/12633936 3,219 -35 1.08%
 

S&P 500

/quotes/zigman/3870025 1,545 -14 0.88%
 

GlobalDow

/quotes/zigman/629063 2,109 -9 0.44%

http://www.marketwatch.com/

 

In case Cyprus leaves eurozone, it will be a good example of the rest of us. And we will also find out, what is happening to a country AFTER the euro.

zerohedge‏@zerohedge5 min
HUNGARY CUT TO BBB- FROM BBB BY S&P

zerohedge‏@zerohedge30 s
Cyprus Popular Bank: “Only A Few Hours Of Liquidity Left”

zerohedge‏@zerohedge1 min
Popular Bank restricts ATM withdrawals to EUR 260 [...]

The six ways the government is planning to steal your money

From Sovereign Man:

There are consequences to being flat broke.

There are consequences to investing any level of confidence in a financial system underpinned by debt and the creation of paper currency.

There are consequences for ignoring reality and pretending that everything is normal.

This is one of them: European officials yesterday flat out admitted that they were discussing rolling out a series of harsh capital controls across the continent, including bank withdrawal limits [...]

WARNING: EU may soon prevent citizen-subjects from taking their money out of banks

Kurt Nimmo
Infowars.com
June 12, 2012

European Union apparatchiks are preparing to lockdown Europe following Greece’s exit. From the Associated Press today:

Olivier Bailly said Tuesday that, legally, limits could be imposed on movement of people and money across national borders within the EU if it’s necessary to protect public order or public security — but not on economic grounds.

“Some people are working on scenarios,” he said, but refused to identify individuals or organizations.

EU finance bosses [...]

EURO BREAK-UP PLAN: Imposing Capital Controls, Border Checks, Limiting ATM Withdrawals… IMF chief Christine Lagarde warns world risks triple crisis… ‘Disaster scenarios’

BRUSSELS (AP) — The European Commission has been providing legal advice to others who are considering possible scenarios should Greece leave the euro, a European Union spokesman said.

Olivier Bailly said Tuesday that, legally, limits could be imposed on movement of people and money across national borders within the EU if it’s necessary to protect public order or public security — but not on economic grounds.

“Some people are working on scenarios,” he said, but refused to confirm or identify which organizations [...]

Nationwide Bank Run Imminent!!! BREAKING ALERT: EU Discussed Imposing Capital Controls, Border Checks, Limiting ATM Withdrawals

EU SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF GREECE LEAVES EUROZONE – RTRS

IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART OF WORST-CASE SCENARIO PLANNING – EU SOURCES – RTRS
SUSPENSION OF SCHENGEN ALSO DISCUSSED

 

Major Italian Bank Freezes All Customer Accounts

On May 31st Bank Network Investments discretely posted an announcementon their website that they would be freezing all of their customers accounts for 1 month freeze on citing financial [...]

5 Purchases To Never Put On Your Credit Card

by Ben DeMeter

Contrary to MasterCard’s beliefs, you should never pay for something with your credit card just because you can.

While there are certainly times when it’s a good idea to charge a credit-building purchase to your account, there also many occasions when you should stuff that piece of plastic so deep into your wallet that it will never, ever see the light of the register scanner.

Some purchases just have a way of [...]

States Charging Unemployed Junk Debit Card Fees To Collect Benefits

Recently unemployed engineer Arthur Santa-Maria poses for a photo Saturday, Feb. 7, 2009 at a Bank of America ATM in Los Lunas, N.M. Santa-Maria was surprised to learn he must pay fees to withdraw his unemployment money using a state-issued Bank of America debit card. (AP Photo/Sergio Salvador)

WASHINGTON — Many states shortchange the jobless by distributing unemployment benefits on debit cards loaded with obnoxious fees, [...]

ATM Withdrawals (Men vs. Women)

by ClubofRome

HIM:

1. Pull up to ATM
2. Insert card
3. Enter PIN number and account
4. Take cash, card and receipt
5. Leave

HER:

1. Pull up to ATM
2. Check makeup in rearview mirror
3. Shut off engine
4. Put keys in purse
5. Get out of car because she’s too far from machine
6. Hunt for card in purse
7. Insert card
8. Hunt in purse for tampon wrapper with PIN number written on it
9. Enter PIN number
10. Study instructions [...]