Crisis In Cyprus!!

I was writing about the Cyprus banking failure back a few months ago and was talking about how people could of protected themselves from it. But now it's gotten even worse they took 10% of depositors money back than and now they just announced they'll be taking 47.8% of depositors money. That means if you had 100,000 euro in your account in less than 6 months you lost 50,000 of your money. That could be peoples retirement money and now half of it is gone!. This is going to break the confidence of the people and the system which in return will make people flee to precious metals for a safe haven. This is only the start. I hope the world is watching and taking note on what could happen in there countries.