Unless you have been living under a rock (which may not be a bad idea) you know that we are in the middle of a financial crisis, that looks like it will continue for some time, and may even worsen. Many people have been turning to Gold, Silver and other precious metals, as well as some other commodities as an investment to hedge against inflation
Societe Generale recently released a report titled "Worst-case debt scenario" which highlights three possible outcomes of the current economic crisis.
The report, meant to provide deeper insight and clarity into the next phases of the global economic crisis so that clients can take steps to protect their investments.
It is well put together and provides an excellent view of FRM (Financial Risk Management) and suggests selling off the U.S. dollar (a recurring them as of late, but that is another story), buying Government Bonds, and Cherry Picking certain equities and commodities (read buy gold).
They are also predicting a spike in gold prices as high as $6300 or possibly more in the next ten years. Gold today as I write this is over $1100 and climbing.
Since the report is calling for further posible economic collapse I thought I would add it here. The report is below.
Société Générale Worst Case Debt Scenario Fourth Quarter Nov 2009
My name is Keith Erwood, and disasters are my life. Well, not just disasters really, but to help people like you, owners, executives and managers of businesses prepare for disasters and emergencies.
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Wednesday, February 16, 2011 at 12:53PM