03.10.2011 - How will European debt crisis impact gold, silver prices?
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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