"Saving: now a thing of the past" revisited

The Bank of England’s idea of moderate negative interest was bad enough, but the EU’s decision to steal 10% of all cash on deposit in banks in Cyprus sets a new low. Those members of the staff at the Mansion who made modest purchases of gold and silver coins recently are looking rather smug and considering the merits of moving more money out of savings accounts and into “things” which can be sold when they have realized a decent profit, and without troubling the taxman.