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Gold Surges

from Zero Hedge:

Nothing like the smell of a fresh Eurozone (thank you Greece!) crisis in the air, to remind everyone that in an insolvent world, where every counterparty is suddenly once again suspect (and collateral-free), there is only one asset class that has no counterparty risk (although the distinction between paper and physical gold is still a far too complicated lesson for most) – gold.

And headlines like this:

  • VENIZELOS SAYS GREECE, PASOK PARTY DON’T WANT ELECTIONS

but with the following caveats, won’t help.

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