let's assume Germans won't bail out

Quote from Martinghoul:

Italy is the no. 2 sovereign issuer in the world, after the US, in terms of the amount of debt outstandind (arnd $1.4trn). If Italy goes, I'd suggest the choice of which bank to entrust your money to would be the least of your worries.
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That doesn't sound too confidence-inspiring. Beeing vaguely familiar with italian culture, i'm figuring, if Greece hid X in off-balance sheet transactions, Italy hides probably X^X.
 
Quote from Ghost of Cutten:
Dollar, US Treasuries, gold, Singapore Dollar look like decent bets IMO.

I would avoid commodity currencies as they are correlated with commodity prices and thus basically equivalent to being long risk. You don't want to be long risk when you've had a 13 month record rally in risky assets and a sovereign debt crisis & contagion is about to blow up in the EU and potentially beyond. Safe havens are the best play, not risky or high yield havens.
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I see your point, GoC, but I guess it's all about how far you think it goes...
 
Based on what has happened over the past few years geopolitically I am betting on a stronger Chinese Yuan after cutting my short position in the EURO.
 
Premiums on physical golden coins in europe are reaching +5% which is quite substantial really compared to previous months.

I take it it is a sign of heavy buying locally.
 
Quote from Debaser82:

Premiums on physical golden coins in europe are reaching +5% which is quite substantial really compared to previous months.

I take it it is a sign of heavy buying locally.
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Interesting. Where do you get your information?
 
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