Debt Crisis Presents Long-Term Opportunity
Posted by Investment Rarities on October 3rd 2011 in CFTC, China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, U.S. Congress, Wall Street | Be the first to comment!
With gold seen regaining its safe-haven status on renewed Greek default concerns, the Chief Investment Officer of Verdmont Capital, in an interview with The Gold Report, discusses the impact of Europe’s debt crisis on gold and silver. He points out that “During the acute stages of a systemic selloff, all investments typically get punished. We saw that during the correction at the height of the credit crisis in 2008. We’re also seeing that today in the current selloff, with gold and silver both down substantially. Over the long run, the crisis in Europe is clearly very bullish for gold and silver because the only way out of the current situation is additional stimulus from central banks. Additional stimulus will put further downward pressure on all the major currencies.”
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