Thursday, April 8, 2010

Useful Thumbnail Summary Of Grecian Crisis

Dr. Stephen Leeb includes some advice at the end, centered around "Using Gold as a Hedge to the Greek Crisis," but the bulk of his writing is a recap of the Eurocrisis and where the Grecian government stands today. A recent uptick in 10-year rates to above 7% has meant investors have shied away from new Grecian sovereign debt, including in Asia.


Gold has, of course, benefitted along with the U.S. dollar as the crisis keeps devolving. The only recommendations Leeb gives is two gold stocks, but his advice can do for gold itself too.

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