We all know that Greece is doing badly, this is why some might be surprised to hear how the US is doing. The US debt has proved to be not only far greater than Greece's but it looks like that without outside help, the entire US economy might just collapse in a matter of time. Greece is looking to add even more Euro to the money they have already received in order to keep the country afloat. The entire package of austerity measures, the problems in forming a Government and the consequences of the decisions that are being taken at this moment, will surely have a great impact of the people's life. Regardless of way that these things will develop, the best thing that we can all do is to invest in gold: 1 kilo gold bars, gold coins, gold shares, etc.
Part of the American debt is around 12 trillion dollars in liquid assets that are being held somewhere outside the US. And with the value of the dollar continually decreasing, the employment rates going down and the high inflation rates, the future of the country does not look so good.
The financial crisis that is facing America is far worse than we could actually imagine. Therefore, making a gold investment is the best choice that we have at this moment, regardless where we live! What we should always make sure that we choose gold to diversify our portfolio with. So, 1 kilo gold bars, gold coins or shares, every choice you make is going to be a good one.
There are some financial voices, renowned in their field of business, that believe that the US liability is somewhere around 100 trillion dollars. So, it is clear that Greece's debt is far less worrying than America's debt. The real question at this point is: who owns the American debt? What is obvious at this point is that most Americans are clueless about this issue. This is why the answer will surprise most of us: CHINA; the country that America's been fighting for the number one power in the world for a very long time.
Of course, there are other countries that have a stake in the American debt are actually looking to decrease their share in the debt and the country that is buying them out is China. In translation this means that, America's debt is going to eventually owned by China. However, this country is not only investing in American but also in Europe. Sadly to say, the two continents have become united in debt. This means that America and Europe are actually on the same page when speaking about finance. Exactly for this reason we should start investing in gold as soon as we can!