Posts tagged as:

Eurozone

Why Gold Is Dropping In Face of Greek Default

September 26, 2011

in Federal Reserve, Greece, September, banks, central banks, commodities, debt, economy, europe, foreign investment, gold, international economy, market reports, metals, news and updates, precious metals, sovereign debt

Over the past 24 hours, the price of gold has plunged as much as $104/ounce, or 10%, ahead of what looks to be an imminent Greek debt default.  In fact, the past three days have seen the largest consecutive drop in gold prices in 28 years!  The question is why, you might ask.  Debt problems [...]

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You Might Be Crazy not To Buy Euros Now

May 14, 2010 · 10 comments

in ADRs, USD, bailout, central banks, debt, diversification, europe, exchange rates, foreign investment, forex, international economy, opportunity, sovereign debt, stimulus

With the recent bailout of Greece, markets have not warmed up to Europe’s debt problems, and this has meant that the Euro has continued to weaken against the USD (sort of like a teeter-totter built out of CDO’s).
As of Friday, May 14, 2010, one Euro will buy a whole $1.237 USD.  That means the Euro [...]

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Euro Bailout Boosts Gold To Fresh Highs

May 12, 2010

in GoldMoney, Greece, central banks, europe, gold, hyperinflation, international economy, international stock market, market reports, market trends, news and updates, precious metals, sovereign debt, stimulus, world order

In a surprise reaction to the weekend approval of the one trillion euro bailout of Greece (750 billion euros from the ECB and 250 billion euros from the IMF, i.e., U.S. money, i.e., China’s savings), markets remained suspicious of long-term improvement in both Greece and the Euro.
As a result, this week has seen a steady [...]

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