Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Silver Prices
Silver Price
[Most Recent Quotes from www.kitco.com] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Solid Payrolls Will Send Gold and Silver to New Lows | Main | Only One Thing Matters For Gold Prices: There is No More QE »
Monday
Jun102013

Portugal's Best Bet May Be Dumping the Euro

Nita Ghei is policy research editor at the Mercatus Center at George Mason University.

A major motivation for the rivers of funds poured into the Greek bailouts was a grim determination to preserve the single currency within the European Union. As Greece remains mired in recession, the benefits of the outpouring of debt remain questionable at best. Now, Portugal is challenging the value of remaining a member of the eurozone, with an economics tract perching on its bestseller lists. Joao Ferreira do Amaral, a professor at Instituto Superior de Economia e Gestao, has sparked a much overdue debate in that crisis-wracked nation about the purported benefits of keeping the euro in his book "Why We Should Leave the Euro."

While the majority of Portuguese citizens continue to support staying in the Eurozone, 20 percent of respondents supported the idea of a return to Portugal's domestic currency, the escudo, in a poll conducted a year ago.  There is also some support from the left, with the Communist party turning against euro membership.

Exiting the eurozone expands policy options for Portugal, but does not mean that the adjustment will be quick, easy or painless. There are no painless or easy options left. The calculus now is which is the least costly way to return the economy to growth and create jobs – particularly for the almost 40 percent of youthcurrently unemployed.

To read this article in full please click here.

With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

Don’t forget if you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that your verification has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>