Tuesday, February 21, 2012

Gold and Greece

Today, I will simply point you to Turd Ferguson's post on Greece entitled, "Why Greece Matters and What it Means to You".

Excerpt: "So, the question becomes, how does Greece stay afloat and who pays for it? The main issue in question and the primary deadline is the bond payment due on March 20. How can that payment be met without triggering a worldwide financial collapse?

"Ah...there goes Turd again, talking about worldwide financial collapse. The King of Hyperbole is back!" Not so fast, my friends. This really is very serious stuff. One of two things is going to happen."

Gold in New Zealand dollars: $2065.63 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $40.05 per oz
Previous all-time high: $59.19
per oz (30 Apr, 2011)

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