Irish debt problems are sending shockwaves through the rest of Europe
Yields on Italian bonds jumped nearly 0.25% today alone even as Ireland’s
bailout barely had time to shore up debt woes there.
According to UK newspaper The Telegraph, “Italy’s public debt is
over 2 trillion euros, the world’s third-largest after the U.S. and
European stocks fell across the board. The news was bad enough in Europe to
slow markets here in the United States as well, as the S&P 500 fell
nearly 1% in today’s trading. Additionally, the euro fell to a two-month
low against the dollar.
Gold and silver both spiked in price on the euro’s weakness.
In order to take advantage of world-wide currency devaluation, financial
analyst Ian Wyatt from Wyatt Investment Research recently published a
report on an 8.9% dividend paying gold company.