Crisis Is Far From Over - Gold Coin Blogger

Seven billion people live on the Earth today; unsettled in one economic disaster after another. The headwinds of crisis are contagious. Blowing in rapid succession and fuelling the globe, whichever part of the financial market, in whatever region of the world, the focus between the Euro collapse and the US dollar has become the center of economic danger. With Greece in a cliff hanger, a sinking Portugal, a shaky Ireland, Italy, Spain, and 17 other Eurozone countries, the fate of the euro is a collection of bankrupt nation states in unity. Just as with the US dollar, which is virtually worth nothing today, investors are reaching for gold and silver not FIAT paper.

China hopes that their enormous amount of foreign currency reserves will be a cushion for any economic crisis when it happens and it will be to an extent. Investors want to know, what happens when US Dollar asset holdings and Euro asset holdings become worthless? Could it be a typical case of conflicted virtue of trade surplus equaling an economic disaster?

Economically, every country depends on each other in some form or another. China and the US depended on each other. Should the US implodes, so will China. If China implodes, it’s obvious so could the US. And if China really is scrimping on it’s infrastructure build, then China will be in a heap of global trouble in the future. And a collapse in China’s economy will create a deep depression in the US. Some would take their hard landing over US, because, not only do they actually have money they have huge amounts of natural resources and gold they have been smartly acquiring. US may be more developed, but the Chinese are the fastest developing nation and in a better position with their reserves, pushing every household to stash gold.

Going back to the Eurozone slaughter, the continued struggle with the unspoken problem, is the euro itself. The real problem is the one-size fits all currency. The slaughter is not going to stop with Portugal and Ireland it will continue to jeopardize the European economy. Money will be thrown to Greece to prevent a default, but it’s only to delay the default of another. For the moment, while Portuguese bonds are getting hammered and Irish debt is shattering the country again, there is a concentrated effort for investors in regards to the exploding gold market to upside as traders are buying the metal in mass. The market looks great,gold will only continue to go up, it is an opportunity of a lifetime says President Ron Fricke of Regal Assets.

Source: http://goldcoinblogger.com/crisis-is-far-from-over/#more-3239