Investing In Gold And Silver For Capital Preservation And Appreciation

Financial Catastrophe In Greece

Greece really seems to be doing from bad to worse these days. The European troika is already holding talks about another bailout for Greece but the austerity measures that will come with it have already scared the Greeks. The new bailout that Greece is probably going to receive is somewhere around 110 billion euro.


Greece really seems to be doing from bad to worse these days. The European troika is already holding talks about another bailout for Greece but the austerity measures that will come with it have already scared the Greeks. The new bailout that Greece is probably going to receive is somewhere around 110 billion euro.

It seems though that no conclusion has been reached and the Greeks are beginning to be more and more nervous about their future. The Greek government has a difficult task ahead of it: make sure that the country does not go default and also make sure that the Greek people are happy with the situation. And it is easy to say that this neither if these things are happening right now.

More and more Greeks are protesting these days and it seems that things are going to get worse in the weeks to come. The tourist season has already started and it seems that things are going to escalate in the weeks to come. Tourists are actually starting to wonder if they should go to spend their summer vacation in Greece this year or not. One of the most important branches of the Greek economy is tourism and if people decide not to spend their vacation there then a lot of money would simply go down the drain. Analysts are saying that even with the new bailout money, Greece is not going to be able to stay afloat and in 2012-2013 it will run out of money.

There has been no concrete conclusion on how the private bondholders should are going to help the country. Even though everybody is talking about financial aid, the only thing that the is seen as a viable option is to apply the Vienna technique that includes a rollover of the debt. The maturity of the bonds would also change from short term to long term. Rating agencies are also putting pressure on Greece and investors are beginning to be more and more restless.

No one knows how this financial mess is going to end and it is quite unclear if the outcome is not going to be catastrophic. It seems that the only solution in this case is to simply start buying gold in order to protect your wealth. There are many ways in which one can invest in gold: from gold coins to gold bars, everything in possible these days. So why don’t you look into this issue and surely you will be happy with what you will find.

You should buy gold bars in the times of recession and you will be able to save your money.

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