Article
; Gold Heads for Biggest Weekly Rise in 4 months on Cyprus
Comment;
Gold is a good
bet for Cyprus because inflation is low around 2%. Real returns will be high.
Since money is fleeing from the economy we need a base. Banks should also
invest in gold. The international credibility of an economy rest on it in case
nobody is accepting your currency. Why? Because, nobody is accepting it for
their goods and services. It is a big problem, A problem which even India
faces. Nobody accepts Rupees they accept Dollars. Moreover international
institutions like IMF also accept gold when you have noting to oblige them.
Article;
Cyprus to Vote on New Plan Europe Skeptical
Comment;
If the Cypriot
Government had invested some of its reveue in gold or had a reserve of euro the
economy would not have been in this embarrassing situation. Any union should guarantee
stability not destroy it. Why only the Central Banks need to maintain the
Stability-Funds?
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