Europe doesn’t have months, much less years, to resolve its crisis. At this point, it has only days to avert the worst. It is critical that leaders distinguish what must be done now from what can be left for later.
The first urgent task is for Europe to bulletproof its banks. Doubts about their stability are at the center of the storm. It is no coincidence that bank stocks were hit hardest in the recent financial crash.
via Europe on the Verge of a Political Breakdown – Barry Eichengreen – Project Syndicate.
State the bleeding obvious – yes sell your stocks low & buy gold high – double whammy. And any intelligent person would have seen this coming over the last year or two. The good news is the worst is yet to come and I say give it 5 years to see the worst, possibly longer. What are you going to do with gold if you can not sell it to any one – it is one of the most useless materials going. Like hey soooo 19th Century.
regards Rod
Are you buying stocks and selling gold just as Europe drags us into another financial crisis?