Germany is viewed as the bulwark for European economic health. While the rest of Europe, particularly Greece, Spain, Italy, Portugal and Ireland, has set the continent on a path to ruin through irresponsible welfare state policies, Germany has largely been viewed as the one responsible nation in the European Union.
Unfortunately, with that responsibility comes a heavy burden. Germany is increasingly being asked to provide the bailout money in the vain attempts to fix what ails Europe. Now, international investment and credit rating firms are beginning to see the impact of that burden. Not even Germany can carry all of Europe’s load by itself.
And, as a result, Moody’s Investor Services has changed its outlook for Germany to “negative,” the first step toward a credit downgrade. This is not to be taken lightly. AAA-rated investment nations are dropping like flies because they are in the uncomfortable position of having to save their irresponsible neighbors.
This situation is unsustainable and will eventually result in an unprecedented financial and economic crisis for which investors must be prepared.
Historically, gold investments have provided the most effective safe haven for investors in times of crisis. Today’s investors have the benefit of being able to act pro-actively and to begin accumulating gold investments before the crisis reaches a dangerous peak. Contact CoinTrader and find out more about the various alternatives available to gold investors.