Eric Sprott - "All The Paperwork Has Been Laid Out--For Bail-Ins As The Solution In The West"

``When asked his thoughts on the catalyst which will send gold much higher, Eric noted that, "The one event in my mind would be when it becomes apparent to everyone that having a deposit in a bank is a very risky situation. We saw that in Cyprus where the depositors got nailed on the bail-in. We've seen all these proposals to have bail-ins as the solution to the problem in the US, in Canada, in Britain, in New Zealand and in Europe. All the paperwork has been laid out." ''