The sizable gains are being driven by fears that Greece and other European governments could default on their debt. Worries over possible defaults have sparked a flight to safety and that has benefited U.S. Treasury securities. Treasurys are considered the world's safest investment -- the U.S. government has never defaulted on its debt.
(1) While sovereign nations rarely default, they do attempt to print in response to their excesses.
(2) Worries over a flight to safety may have benefited U.S. Treasury securities, but the real beneficiary, which managed commentary cannot compare, has been gold.
Source: finance.yahoo.com
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