Gold taking centre stage as Eurozone debt crisis escalates

While many Eurozone leaders are fighting to prevent a Europe-wide financial collapse, gold has been finding climbing its way back up to higher values. Many are looking back to gold as a safe haven during these trying times.

Author: Sumit Roy
Posted: Wednesday , 13 Jul 2011
MINEWEB

As Eurozone finance ministers and central bankers are seeing themselves as having to fight a rearguard action to try and prevent Europe-wide financial collapse gold is beginning to make a move.

NEW YORK (Hard Assets Investor) -

As Italian and Spanish yield spreads surged to new euro-era records before backing down, gold stands to benefit from unresolved crisis.

Just when we thought Europe's sovereign debt worries were behind us, they resurfaced with a vengeance. However, over the past several days, Europe's woes have intensified, with contagion now spreading to core European Union members, Italy and Spain-the third and fourth largest members of the Eurozone- respectively. Up until recently, yield spreads on the two countries have remained fairly stable, but now we are seeing some signs of panic. Both Italian and Spanish yield spreads are now at euro-era records (discussed in more detail later).

Clearly, sovereign debt concerns are not going away anytime soon.......

To see original article CLICK HERE

Follow Us

Share Page

Login

Get access to the latest trading information, tools to help your investing, and much more!

Login   Sign Up

Search

Weekly Charts

Current Spot Prices

Gold$1175.45
Silver$16.08
Platinum$1236.00

Special Offers

 
 
© 2012 Swiss America Trading Corp. All Rights Reserved.   |   Privacy Policy   |   Site Map   |   Contact Us   |   Mobile Version
SWISS AMERICA and Logo are trademarks of Swiss America Trading Corp.
Where did you hear about us?
Roger HedgecockRay Lucia
Pat BooneMichael Savage
Bill CunninghamOther
iHeart Radio/Rush Limbaugh
×