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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Greek pressure temporarily off

"DONTCRYFORME - The money 'withdrawn' from Greek accounts may not be moved in the common sense. My wife ie European and she has a Euro account. No need to take the cash elsewhere, she just converts and deposits in the Euro account. ( You are in Europe so you must know all of this and more.)"

I know that. But if you expect bank contagion and bank runs in the Euro area, which luckily so far has been prevented, bringinging your money to Switzerland and invest it in Gold is the obvious choice, i.e. if you have a lot of money. When your bank goes down along with many others, it won't be easy to get your money back. The National Guaranty funds have limits and are insufficiently funded to cover large amounts of account holders. The biggest joke are the Swiss guaranty funds. If one of the two big banks fails, accountholders will probably get 2-3% of their money back. Last year the Swiss Government has increased the guarantee from CHF 35.000 to CHF 100.000 per account, but that was merely a symbolic move. The Guarantee fund has only something like CHF 10 bln, which is nothing compared to outstanding savings on savings deposits.

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