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Pan American Metals of Miami says Gold and Silver Provide a Safe Haven as EU Debt Crisis Spreads to Italy
1 pages
Published by
donald hood
Pan American Metals of Miami says Gold and Silver Provide a Safe Haven as EU Debt Crisis
Spreads to Italy
(1888PressRelease) Investors run for safety as Italy follows in Greece s footsteps.
(1888PressRelease) MIAMI,Debt crises such as...
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Pan American Metals of Miami says Gold and Silver Provide a Safe Haven as EU Debt Crisis
Spreads to Italy
(1888PressRelease) Investors run for safety as Italy follows in Greece s footsteps.
(1888PressRelease) MIAMI,Debt crises such as we have seen recently in Europe and, not so long ago, in the US also,
eventually drive the demand for a safe haven and send investors scurrying to acquire gold and silver bullion.
The
biggest fear, for everyone outside of Greece, arising from the Greek fiasco, is contagion.
Contagion in terms of
financial crises is feared in much the same way as contagion related to a fatal virus.
If one bank goes under, or one
country goes bankrupt, then others may well meet the same fate.
Italy has already caught the disease and Spain,
Portugal and Ireland are all in danger also.
All of this tends to be highly supportive of gold and silver as investors lose faith in paper currencies and scurry to the
safe haven of precious metals bullion.
Precious metals bullion
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