The Cyprus event where the central planners attempted to confiscate personal wealth has gone viral, thanks to the Internet. The result? The public is now becoming aware that there is only one way to protect your wealth- remove it from harm’s way.
The current system has been based on the fact that depositor money was safe from confiscation of any type (except the taxing authority who had a lien in place). Once the central planner put confiscation on the table, they opened Pandora’s box. Until then, they could manage the price of gold and silver and convince the public that these metals were ancient relics and were no longer viable as stores of wealth. Wrong!
The following screenshot provides perspective of the demand for silver as of this morning:
![CropperCapture[167]](http://www.servias.org/wp-content/uploads/2013/04/CropperCapture167.png "CropperCapture[167]")
It has been reported that there are 50 buyers to every 1 seller. I would suggest the above provides some credibility to that statement. Instead of scaring the public away from gold and silver, the central planners have done the opposite. You should expect premiums over spot price to rise as it appears that the paper market is becoming quite fragile and may end up imploding. The physical market will prevail and uncover the manipulation by the bullion banks.
What does everyone ultimately want? The truth.
I have prepared for another takedown of the price of gold and silver, possibly to the $1,260 range for gold. If that happens, I will be prepared to add to my position of my favorite gold and silver stocks, as little as it may be. This may be the last time I will be able to buy at such a discount. What will I do if gold does not drop? Smile!