21.01.2013 - The bullion-dollar question: will gold escape debt crisis?
Few dispute that gold offers protection against inflation and debt crises. The metal cannot be printed at will and does not carry a risk of default. Where opinions do vary wildly is whether or not we face the risk of such inflation or debt crisis. The message today is that the Western economies are pretty much under control again, the United States avoided its fiscal cliff, and European officials assure us that the worst is over. But this is public relations talk. During the 2008-09 global credit crisis, governments and central bankers were only able to save the global financial system with a radical programme of money printing and debt expansion...............................................Full Article: Source
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