Greece and Europe’s debt mess are featured in the nightly news. The reason is the Euro Zone has created a debt problem that is on a grand scale. Indeed, it is historical in scope. This situation has the potential to push the entire globe into recession. While it appears Greece will avoid default, there are more problems looming in Europe’s future. The EU debt saga has cause the Euro to plummet, and stock markets to become unstable. The solution to all of these problems is to invest in gold bullion.
The major economies have given us The Great Recession, devalued currencies, high prices, high unemployment, stagnant economies, and a roller coaster for a stock market. Indeed, the economic situation across the globe is not good to say the least. On the other hand, these are just the right conditions to send the gold bullion spot price to a new record high. Gold currently trades for $1700 per ounce and will likely go up even more.
Just because Greece will be bailed out does not suggest all is rosy. Europe has staggering debt problems that threaten to bring down the Euro, The Euro Zone itself, and could hurt the recovery that is underway in the United States. This will keep stocks unpredictable for the remaining of the year. Yet, gold will respond by going up in price, and may set a new record.
If you are carrying too many paper driven investments you could be heading for financial trouble. The dollar will continue to become devalued, and the bottom will drop out of the stock market, eventually. It really is unavoidable. However, if you are backing up your investments with gold you will breeze through the next stock crash. If you fail to back your assets with gold you could be financially ruined. The choice is clear, gold is the ultimate hedge. It has served this propose just fine for thousands of years and it still works today.
To recap, Greece and the entire Euro Zone debt saga is played out in the nightly news. Europe has created a debt mess that is massive and is historical in scope. There is no easy fix, and this problem threatens the economic stability of the entire globe. Greece will get their bailout, yet this is only one small part of the huge European debt puzzle. There are more Euro problems looming that will cause stocks to be rocky. On the other hand, conditions are right for gold to set a new record.