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
« Pan American Silver Has The Cash To Survive And Thrive | Main | High-Frequency Trader Indicted for Manipulating Commodities Futures Markets in First Federal Prosecution for Spoofing »
Thursday
Oct022014

Swiss Pension Crisis – It’s Everywhere

Posted on October 2, 2014 by 

This whole idea of socialism has created a system that is way beyond what anyone in their right mind would have created. The Swiss pension system is at risk no different from anyone else. Swiss life insurance companies guarantee one part of the pensions of Swiss workers.

Now the Swiss unions have figured this mess out and warn that the system is unsustainable because it is threatened by the low interest environment. For you see, Swiss life insurers have invested about 80% of assets in government bonds. What they do not tell the public is that in the process of the governments directing central banks to keep interests artificially low to stimulate the economy, they are setting the stage for our financial doom. Yes low interest rates reduce the interest expenditures of government so they can spend more elsewhere.

However, the dirty little secret is that the Swiss government obligates the Swiss life insurance companies to invest the “majority” of assets into so-called “risk free” government bonds. The duration is now for over 100 years rendering the future insolvency a complete disaster.

Read more....

 

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

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 our verification email 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>