Julian Phillips: Gold & Silver Markets on verge of Soaring

Julian Phillips Goldforecaster founder says that the precious market are on the point of soaring given the debt problems news coming from Europe , investors will flock into gold and silver as they are losing confidence in fiat currencies such as the Euro and the US Dollar , for the Euro to retain any form of confidence they will have to ask Greece to leave Julian explains , smart investors do not buy gold to make profit they buy for that rainy day ....what the Euro is going through now is what the dollar will go through in the near future ...physical gold is the ultimate safe heaven because it removes the risk , while the mining shares still carry them....

JULIAN PHILLIPS : Central Bank Gold Buying & China Role in the Gold Market

JULIAN PHILLIPS : as an investor in Gold mining shares I would tend to put a big circle around those countries able to take locally produced gold into their reserves those deposits will be far less vulnerable , not entirely without vulnerability but certainly far less vulnerable to such policies (Gold confiscation ) Europe is a classic example of a fixed currency system , you got a strong Germany which actually needs a strong Deutschmark , you got a weak Greece which needs a weak Drachma you put the two together under a one currency that's a fixed exchange rate and the end result you can possibly have is all the capital finds its way into northern Europe leaving Greek investors invested up north and not in their own economy , making sure that Greece remains a nice holiday resort period , so fixed exchange rate I think are a disaster for a range of economies worldwide