Global debt worries shift to Portugal

Monday, February 8, 2010
Portugal is the latest country to worry investors with its debt levels.
- By John March
Investors eyeing dealer gold as a safe haven amid ongoing concern about debt levels around the world may have yet another country to be concerned about.

In recent weeks, the European Union has anxiously watched Greece over the potential that its deficit levels could prove to be unsustainable and result in the country's default on its debt obligation. Such concern weighed down the U.S. stock market as well as the Euro earlier this week.

However, a report in the UK's Financial Times newspaper points out that Portugal is another European nation that investors are becoming more anxious about, also because of looming debt problems.

The report said that Portugal's finance minister is speaking out against proposals that would allow to regions of the country to increase their debt because they would send "the worst possible message" to the financial markets while also having "grave consequences for Portugal's public accounts."

Concern about debt comes at a difficult time for many governments, which have spent freely in recent years but which are also now facing the task of trying to stimulate their respective economies while trying to regain a measure of fiscal control.

John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.

If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
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