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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Commodity Crisis more

How will European debt crisis impact gold, silver prices?

Posted on 03 October 2011

First off, you say that there’s enough money, but I think that a lack of money is the primary concern. The European Financial Stability Fund has something like €440B in committed capital and the members haven’t agreed upon future funding requirements.
Also, the European Central Bank (ECB) itself only has €10B. If you compare that to the three largest banks in France, for example, they own roughly $600B in PIGS (Portugal, Ireland, Greece, and Spain)-related debt. You can see how imbalanced the system is and how undercapitalized some of these organizations are that are meant to be the solution……………………………………….Full Article: Source

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VRS - who has written 37241 posts on Opalesque Commodities Briefing.


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