Signature Coins & Bullion

As we wrote back in July, we cannot understand why investors place German Bunds in the category of safe haven. Few countries have written off as much as their obligations' during the last 100 years, and they have been calling for Greece to renege on their debt since the very beginning of this crisis.

According to the Daily Telegraph:

Officials in Berlin told The Telegraph it is "more likely than not" that investors will suffer fresh losses on holdings of Greek debt, beyond the 21pc haircut agreed in July.