Is the Euro on the verge of collapse?

From China Confidential, one of my favorites and their accuracy is astoundingly accurate. A report out of Europe on the probable collapse of the Euro."Strategists at Societe Generale, one of Europe's oldest and largest banks, are predicting the total collapse of the Euro, the official currency of the European Union." Can you say global depression, soaring gold prices and a climbing dollar?
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Right from China Confidential


SOCIETE GENERALE PREDICTS COLLAPSE OF EURO
CHAOS COULD LIFT DOLLAR AND ALSO MAKE GOLD PRICES SOAR

Strategists at Societe Generale, one of Europe's oldest and largest banks, are predicting the total collapse of the Euro, the official currency of the European Union.

Click here for the shocking story.

China Confidential analysts believe gold will rise in price as investors seek safe havens in the coming chaos. Although the dollar could increase in value against European currencies in the coming weeks, which, historically, would translate into declining gold prices, the global economic uncertainty is also likely to make gold more attractive.

Internationally, the fear of a double-dip recession--and a global depression--is palpable.

Add a war with Iran to the mix--appeasement has made war inevitable--and gold could easily climb to $2,000 an ounce or higher before the end of this year.

In the meantime, Marc Faber says gold will never collapse. The Swiss fund manager and Gloom Boom & Doom editor


said the governments of every developed economy will eventually default on their sovereign debts, so the one thing he will never do in his life is 'sell my gold.'

Potential defaulter include the US, the UK and Western Europe.

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Hat tip: China Confidential