If market focus shifts back towards Europe’s debt crisis, save-haven buying across the pond may surge, and so will the gold price.
New York, NY (PRWEB) February 11, 2013
Although the European Union’s debt crisis hasn’t been on the top of the media list recently, the latest economic reports from Italy and Spain could spell trouble for the folks across the pond. Italy is the EU’s third-largest economy, and along with Spain, has unnerved the Euro markets with news of impending political volatility. The two countries’ bond yields are starting to creep higher, which means that we could soon see the EU’s debt problems return to the global center stage. This is potentially bullish for gold, as economic uncertainty in the EU could cause investors to stock up on the safe-haven precious metal, reports Gold Coin.
Arthur McGuire, Vice President of Gold Coin, said, “Recent news of economic activity in the European Union has been cautiously optimistic, however, the union is still not free and clear of its fiscal woes. With Berlusconi promising to lower taxes if his coalition wins elections later this month and questioning whether or not Italy still needs the Euro, the country has the rest of the EU on edge. If market focus shifts back towards Europe’s debt crisis, save-haven buying across the pond may surge, and so will the gold price. This ‘calm before the storm’ is good for gold investors who want to get into the game now, as we’re seeing relatively low prices for gold. Investing in gold coins and bars now could pay off if something like this happens in Europe, and will likely protect wealth in the long run.”
Gold Coin (GoldCoin.com) is America’s gold coin superstore with two decades of experience advising household investors on smart physical gold investments and gold coin IRA and 401k plans. They buy and sell all types of gold, silver and platinum coins and offer free delivery directly to your door. For more information or a free "Gold Coin Starter Kit", visit http://www.GoldCoin.net or call 1-800-425-5672 today.