The euro crisis threatened an imminent blow-up of the global banking system and this would have resulted in a panic sell-off of all asset classes including precious metals.
However, the solution which is being put in progress is going to involve considerable action by central banks to loosen monetary conditions.and this, is exactly why precious metal prices go up and up.
Silver as ever plays on gold and goes up further when gold prices go up (and down faster when they go down).
To read Peter Cooper’s article: Why Silver Price Could Double in Three Months
BullionBuzz provides investors with quick snapshot of must-read news pertaining to precious metals markets. Continue reading
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. Continue reading
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. This week: Euro: Current Course Is Leading to Disaster Continue reading
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