The following was reported by Dr. Darryl Robert Schoon on 9-17-08 in his article Investing In Chaos - The Storm Is Here at 321gold.com http://www.321gold.com/editorials/sc... :
"There is $6.84 trillion on deposit in US banks but only $273.7 billion in cash on hand."
Cash reserves versus deposits are 4%. During these unsettling times, is this enough to maintain confidence? How is a person able to figure out their risk with some banks knee deep in derivatives.
Is there any wonder why 2 US banks heavily shorted silver prior to the big drop according to the August 5th's banks participation activity sheet presented by the CFTC?
DESTROY YOUR COMPETITION is an old game.