donaldhood's picture
From donaldhood rss RSS  subscribe Subscribe

Pan American Metals of Miami Asks, Will European Nations Sell Gold Reserves to Cover Debts? 

(1888PressRelease) Italy could easily cover its debt by selling just some of its gold reserves.

 

 
 
Tags:  Investment  Business  metal  Gold  Silver 
Views:  42
Published:  December 23, 2011
 
0
download

Share plick with friends Share
save to favorite
Report Abuse Report Abuse
 
Related Plicks
Gold and Silver Edge up Slightly on Demand from Bargain Hunters says Pan American Metals of Miami

Gold and Silver Edge up Slightly on Demand from Bargain Hunters says Pan American Metals of Miami

From: jeffhr01
Views: 227 Comments: 0
(1888PressRelease) Gold and silver both edged up slightly today, based on buying by bargain hunters and a slightly weaker dollar.
 
Pan American Metals of Miami says Gold and Silver Still Strongly Supported as Safe Havens

Pan American Metals of Miami says Gold and Silver Still Strongly Supported as Safe Havens

From: donaldhood
Views: 119 Comments: 0
(1888PressRelease) Silver could take off in the near future.

 
Pan American Metals of Miami says Gold and Silver Rallying, Platinum may be a Bargain

Pan American Metals of Miami says Gold and Silver Rallying, Platinum may be a Bargain

From: donaldhood
Views: 146 Comments: 0
(1888PressRelease) As gold rebounds strongly, platinum to gold ratio falls further.

 
Silver Still a Sound Investment says Pan American Metals of Miami

Silver Still a Sound Investment says Pan American Metals of Miami

From: jeffhr01
Views: 319 Comments: 0
(1888PressRelease) Silver has performed well in the long term.

 
Silver Forecast Raised for 2012 says Pan American Metals of Miami

Silver Forecast Raised for 2012 says Pan American Metals of Miami

From: donaldhood
Views: 121 Comments: 0
(1888PressRelease) HSBC revises silver forecast for 2012 to $34.

 
Pan American Metals of Miami says Nervous Investors Should Take a Look at Silver and Palladium

Pan American Metals of Miami says Nervous Investors Should Take a Look at Silver and Palladium

From: donaldhood
Views: 146 Comments: 0
(1888PressRelease) Silver is currently far less volatile than gold.

 
Silver Poised to Reach $50 in 2012 says Bill Hionas

Silver Poised to Reach $50 in 2012 says Bill Hionas

From: donaldhood
Views: 82 Comments: 0
(1888PressRelease) Silver is slated to rise during the course of 2012.

 
See all 
 
More from this user
Pan American Metals of Miami says Timing is Crucial When Assessing Investments

Pan American Metals of Miami says Timing is Crucial When Assessing Investments

From: donaldhood
Views: 474
Comments: 0

Paul Curiale, to Represent Long Island City in the 2012 Staten Island and NYC Marathons, 30 Days Fun

Paul Curiale, to Represent Long Island City in the 2012 Staten Island and NYC Marathons, 30 Days Fun

From: donaldhood
Views: 165
Comments: 0

British anti aging supplement manufacturer launches global resellers opportunity for small business

British anti aging supplement manufacturer launches global resellers opportunity for small business

From: donaldhood
Views: 100
Comments: 0

John Chalif, Proud to be Included in the 2011 Martindale Hubbell Bar Register of Preeminent Lawyers

John Chalif, Proud to be Included in the 2011 Martindale Hubbell Bar Register of Preeminent Lawyers

From: donaldhood
Views: 932
Comments: 0

Fast W-2 And 1099 Print and Efile Application For California Small Businesses

Fast W-2 And 1099 Print and Efile Application For California Small Businesses

From: donaldhood
Views: 117
Comments: 0

Corcentric Presents a New Educational Webinar January 17th, "Just the Facts: A Look into the Types o

Corcentric Presents a New Educational Webinar January 17th, "Just the Facts: A Look into the Types o

From: donaldhood
Views: 110
Comments: 0

See all 
 
 
 URL:          AddThis Social Bookmark Button
Embed Thin Player: (fits in most blogs)
Embed Full Player :
 
 

Name

Email (will NOT be shown to other users)

 

 
 
Comments: (watch)
 
 
Notes:
 
Slide 1: Pan American Metals of Miami Asks, Will European Nations Sell Gold Reserves to Cover Debts? (1888PressRelease) Italy could easily cover its debt by selling just some of its gold reserves. MIAMI, FL - Writing for The Wall Street Journal's Marketwatch, journalist Brett Arends wonders whether some beleaguered European nations may not have to consider selling their gold, or if they maybe already have started to do so. As there are less and less buyers to be found at bond auctions, selling the national store of gold could be the last resort that is needed to solve some countries' debt crises. Italy, for example, has the world's fourth largest gold reserves (after the US, Germany and the IMF). Certainly, Italy's gold is worth more than enough to cover its entire national debt - and spare. If individual investors are advised to keep gold as an insurance policy then it makes sense for countries to do the same and a debt that cannot otherwise be repaid may well justify cashing in the insurance policy. Consider the hypothetical family that has a huge credit card debt it cannot repay. Efforts to increase family income and/or decrease outgoings (increase GDP, raise taxes and introduce austerity measures) fail to address the debt. Yet, the family owns several ounces of gold. What would you do? Certainly the temptation to sell the gold would be pretty strong! "Ironically, should countries actually start selling their gold, this could serve to push the price of gold down, at least in the short term but in the long term it ought to be bullish for gold," says Bill Hionas of Pan American Metals of Miami. "Mr Arends argues that, if or when countries sell gold, there is a corresponding shift in the balance of power. We all know that the price of gold should rise when there is political upset.
Slide 2: About us: Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors. Website: http://www.panamericanmetalsofmiami.com Press Contact Debbie Bailey Executive Administrator Pan American Metals of Miami, LLC Email: dbailey ( @ ) investpanam dot com Website: http://www.panamericanmetalsofmiami.com Source: http://www.1888pressrelease.com/pan-american-metals-of-miami-asks-will-european-nations-selpr-360731.html

   
Time on Slide Time on Plick
Slides per Visit Slide Views Views by Location