[miningmx.com] – THE potential for Greece to exit the Eurozone could give gold a boost, said Bloomberg News citing the views of two Australian gold producers.
“A few years back, if a whole modern country was about to go bankrupt, you’d see a stronger reaction in gold,’ St Barbara CEO, Bob Vassie told the newswire. “The fact that we are now going into potentially uncharted territory means that sort of uncertainty could kick on gold,” he said.
“We may be in for the perfect storm if we get more turmoil from Greece with them being kicked out of the euro,’ said Raleigh Finlayson, MD of Saracen Mineral Holdings, an Australian producer of the precious metal.
Greece voted yesterday to reject a funding package provided by its European partners raising the prospect that it could abandon the Euro.
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