Sovereign debt woes could spread further
Greece is just one reason to be concerned about sovereign debt levels.
- By John March
Gold and silver dealers could be poised for some extra business as investors start to speculate more about what other European countries could be teetering on the brink of a sovereign debt crisis.
The problem is especially pronounced in the current economic climate with so many countries having dramatically increased their spending as part of their respective stimulus efforts. However, when the recession got underway, many of these countries were already carrying potentially heavy and expensive debt burdens.
The near-default last year in Dubai was unnerving to many investors, and helped keep many of them inclined to maintain their demand for gold and other precious metals. Since then, Greece, Spain and Portugal have been in the spotlight as the European Union weighs a variety of possible responses to the Greek problem - with many of these potential solutions being seen as financially undesirable.
Now, a Wall Street Journal article notes this week that experts are also concerned about the debt levels being sustained by Italy and Belgium, while France is seen as being on the “edge” of potential difficulties.
With such concerns even focused on the U.S. economy in the long run, precious metals investments remain a sound and secure option.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
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