Monday, March 12, 2012

Gold, Central Banks and Canada


CTV's Question Period talks about Gold, Central Banks and Canada's official holdings with Eric Sprott.

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1 comment:

  1. UnknownMarch 12, 2012 at 12:47 AM

    good read

    "Portugal is marching down the exact same road that Greece went down. The yield on 5-year Portuguese bonds is now up to an all-time record 19.8 percent. A year ago, the yield on those bonds was only about 6 percent. This is the same thing that happened to Greece. A year ago, the yield on 5-year Greek bonds was about 12 percent. Now the yield on those bonds is more than 50 percent.”

    The world is facing a debt crisis unlike anything ever seen before, and Europe is right at the center of it.

    Italy can pull out of its tailspin, but it will need help from the ECB in the form of debt issued at lower than current market rates. But if you give it to Italy, must not you do the same for Spain and Portugal? And while their economies are markedly worse, their government debt-to-GDP ratios are nowhere near as bad. And don’t even get me started about France, which becomes a crisis of biblical proportions by the middle of the decade."

    a train wreck is just around the corner.

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