http://www.youtube.com/watch?v=JSN3tzYhqy4&feature=player_embedded#t=1963s

Our friends at Sprott Money have released an excellent interview with GATA’s Chris Powell in which Powell warns readers against holding savings in government fiat rather than gold and silver:

“Render unto Caesar the things that are Caesar’s and under God the things that are God’s.” The Cyprus business is a reminder that if you are going to use or handle or play with government issued money in the end government is going to tell you what it’s worth and maybe change the values on you overnight, change the rules of possession overnight and we’ve been warned and we should act accordingly.
We may think the money is ours but if any particular government is issuing it or controlling it they may take it away from us or they may tax it or change its value on us overnight. Money is not reliable when it is issued by a government