Posted by admin on 10th March 2010
So who do you think will be next…Spain, Portugal, Ireland? It may be Italy due to its massive government corruption and its high debt to GDP ratio. This is what Columbia’s Charles Calomiris, who predicted the Argentina sovereign debt crisis, said on Bloomberg TV. I have attached a link to the video below.
Columbia\’s Calomiris Interview on Greek Financial Crisis
-Samir
Posted in Economic/Financial | 1 Comment »
Posted by admin on 10th March 2010
Please see the below video. Rob McEwan, chairman and CEO of U.S. Gold and Lexam Explorations and founder and former chairman and CEO of Goldcorp Incorporated, predicts that gold will hit $2000/oz by year end and $5000/oz before the bull market is over. His reasons center around the quantitative easing measures that have been taking place globally, the increase in national debt levels, and the continued economic uncertainty. During these times, people tend to move to real assets such as precious metals and real estate.
Now, the hedge funds are getting involved…specifically Paulson & Co. and George Soros’ investment group. You can search through my archives to get the details on this.
As I have said on multiple occasions, there are several ways to play this in the precious metals sector: bullion (coins and bars), ETFs (GLD, GDX, and SLV to name three), futures contracts on the underlying assets, and miners (GoldCorp, Silver Standard Resources, Pan American Silver, and AshantiGold to name four). Mining companies give you the most leverage and bullion will have a direct correlation to the underlying spot price movements.
$2000/oz Gold by Year End, Rob McEwan
-Samir
Posted in Economic/Financial | 1 Comment »