The gold rush continues, which today set yet another record by exceeding the psychological level of 1.600 dollars an ounce. The turbulence affecting the eurozone, together with the uncertainty about the debt that reigns in the United States, have once again induced investors to bet with insistence on the most traditional of safe-haven assets. The drive to invest in precious metals is a natural reaction to the difficult times that the two leading currencies, the euro and the dollar, are going through.
The American currency is crushed by the country's gigantic debt, so much so that Moody's has placed the US sovereign debt rating on the watch list for a possible downgrade from the triple A level, assigned way back in 1917. Ben Bernanke's words also weigh on the dollar , chairman of the Fed, who has not ruled out new monetary policy stimuli to support the economy.
