The deception
With tact
Just what are you trying to say?
--The Fixx
It appears that the growing argument for ECB buying of sovereign debt is to stave off 'convertibility risk' of the euro. This, of course, is nothing more than a rationalization for monetizing debt.
Gold jumped to 3 month highs today on the news.
position in gold
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
~Alan Greenspan
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