Since the beginning of the year the price of gold has been very volatile bouncing between £ 910 and £ 870 per ounce with no clear direction or due to the volatility. This reflects the current market environment quite well as governments try to convince investors that they are on top of the situation, but the data released by the independent market researchers tell us something completely different.

Portugal, Spain and Italy were quite successful in their bond auction yesterday and managed to get the money they wanted, but this amount is not even close to the numbers they actually need. Ireland received a 90bn euro rescue package last month and Spain combined 3 billion euros from the auction. Spain’s economy is six times the size of Ireland as 3bn euros is nothing when you think about the actual shape country needs.

Currently, everyone is focused on Europe and how the Euro will survive, but an even bigger problem is the American country’s debt is even higher than the euro-zone countries and the economic power is shifting to the East, the U.S. will fight to ensure other countries that it can repay its debts. Great Eastern economies, such as Russia and China are increasingly reduce dollar reserves that they do not believe that it will regain its reserve currency status anytime soon if ever. In case interested woman seeking man