EU dipping hand into Cyprus Depositors Cash in their Banks!

Recent headlines are mainly focused on the potential bailout plan in the Republic of Cyprus, a member state of the European Union. Over 7o% of its 1.1million population is ethnic Greek, maybe that is the reason so often mistaken to be part of another country in financial crisis, Greece.

“The entwinement of Cyprus and Russia, the world’s ninth-biggest economy, makes things complicated. Russia’s banks and companies have $31 billion parked in Cypriot banks, according to estimates by Moody’s Investor Services” – Bloombarg Businessweek

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Air Tites? Flips? Which are the best silver holders?

Storing your precious has gradually becoming a rocket science due to the large variety of holders available for sale. Silver bullion will need proper housing especially numismatic coins.

In general, there are 3 main categories for bullion coins holder. They are namely, flips, capsules and tubes. For flips, they are 3 types which is the normal plastic flip (also known as vinyl), non-plasticized flip and Saflip (Mylar flips).

Vinyl Flip

Vinyl flips contains PVC and plasticizer. Plasticizer is a chemical added to soften the PVC. It is not recommended to use vinyl flips for long term preservation. PVC may corrode a coin’s surface, causing permanent damage to your precious bullion coins. In short, it is cheap but potentially harmful.

Non-Plasticized Flip

These pocket flips are non-plasticized and contain no softeners, PVC or other chemicals and are safe for long term coin storage. These flips are more rigid than regular vinyl flips as it does not contain softeners. This would be among the cheapest holder of all available holder.
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