Thomas Belesis: Greek Default Unavoidable

John Thomas Financial CEO Thomas Belesis, in an interview with Fox Business After The Bell, suggested that it is the right time to be a conservative buyer, saying that Gold may not be a good investment at this moment.

When asked about Greece, the land of his ancestors, he said that unfortunately the country will probably default.

However, he noted that in the near future there will likely be great opportunities for investments since the stock prices will drop very low.