Coins & bullion since 1973
___________________________________________________________

1-800-869-5115

We educate first-time investors.
Expert professional guidance for safe haven investors.

Celebrating our 20th year on the World Wide Web!USAGOLD Coins

USAGOLD Menu BAR



pgrant

jonathan

gc

Given its larger file size, this video may take a few moments to load. Please be patient.

[If video is not supported by your browser, you can view with iTunes by downloading the raw file here: 20110411rt.m4v]

To access our (June/July, 2011) Newsletter The Coming Great Inflation Click Here

Discussion Topics -- May 25, 2011
Sovereign Debt Deja Vu
Debt Ceiling

(May 25, discussion) -- As the sovereign debt crisis in Europe ramps up less than a year after first surfacing, one can't help but feel a sense of deja vu. The relative ineffectiveness of the bailout measures used by the European Central Bank over the last year is creating headwinds to a re-implementation of the same measures moving forward. Default for Greece is becoming a very real possibility, creating very real contagion risks for other European banks, the ECB, and even the US banking system. Meanwhile, the United States officially hit its debt ceiling, and is now presented with the implication of raising it yet again by this coming August. This has sparked a spirited political debate of what concessions might be made in government spending before approval of the hike will be granted. Such austerity measures seem practically meaningless as the Federal Reserve has all but guaranteed that any slowdown stemming from political tightening will be counterbalanced with monetary easing, thus making the prospect of future quantitative easing very real. All have combined to escalate gold demand to record levels, with some very prolific purchase of physical metal making headlines over the past few weeks. With Peter Grant, George Cooper, and Jonathan Kosares. 28min.

Figure 1
debitceiling

Figure 2

Figure 3
goldprice052011

Figure 4
Euro May, 2011

Figure 5

Pound May, 2011

---

Sign Up for our FREE NewsGroup
to receive timely email notification of our periodic gold news alerts, USAGOLD Market Updates, and future Video RoundTables like this one!

--

The ABCs of Gold Investing
click here to learn more about the book, or to order for only $5.95 (plus $4 shipping).


Coins & bullion since 1973


Order Desk
1-800-869-5115
Extension # 100

Prefer email to get started?
orderdesk@usagold.com


- Hours -
6:00am - 5:00pm
U.S. Mountain Time
Monday - Friday

bbb
Better Business Bureau Rating A+
Zero Complaints

- Mailing Address -
USAGOLD
P.O. Box 460009
Denver, Colorado 80246-0009


Friday October 20
website support: sitemaster@usagold.com
Site Map - Risk Disclosure - Privacy Policy - Shipping Policy - Terms of Use
© 1997-2017 USAGOLD All Rights Reserved