01.12.2011 - Is gold just a safe haven or will it re-enter the monetary system?
Gold investors seem to be splitting into two camps at the moment, those that believe there is absolutely no future for the Euro and those that, while concerned remain hopeful that the world as we know it isn't about to come crashing to an end. UBS it seems falls into the latter category. In its Global Commodities Outlook report for 2012, the bank writes: "We expect the Eurozone crisis to intensify to the point of a ‘big bang', namely only when the clear alternatives are breaking up the Eurozone or systemic collapse will EU politicians be compelled to accelerate fiscal convergence; that should ultimately change sentiment significantly."..............................................Full Article: Source
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