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Natural Resource-Related Stocks Show Promise: Frank Barbera
By:
Jutia Group
Posted on May 21, 2012 at 16:31 PM EDT
The Gold Report: Europe is in the headlines daily: more leftists coming to power, regional banks suffering, renewed recession appearing to take hold. What is your take on Europe? Frank Barbera: In the headlines, Europe looks like quite the mess. Imagine being a Greek who saved over a lifetime now facing the possibility of devaluation or Greece leaving the euro. If Greece pulls out of the euro and devalues, most of the people will see their life savings collapse in terms of purchasing power. In my view, there is a pretty good chance that would spark a contagion. When people in Spain or Italy … [visit site to read . . . → Read More: Natural Resource-Related Stocks Show Promise: Frank Barbera
The Gold Report: Europe is in the headlines daily: more leftists coming to power, regional banks suffering, renewed recession appearing to take hold. What is your take on Europe? Frank Barbera: In the headlines, Europe looks like quite the mess. Imagine being a Greek who saved over a lifetime now facing the possibility of devaluation or Greece leaving the euro. If Greece pulls out of the euro and devalues, most of the people will see their life savings collapse in terms of purchasing power. In my view, there is a pretty good chance that would spark a contagion. When people in Spain or Italy … [visit site to read more]
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