The Case for Gold in the Euro Zone Bailout

Globe and Mail reported on gold’s potential role in resolving the European debt crisis.

As quoted in the market news:

For euro zone countries, gold-collateralized bonds could unlock a large pool of new financing. Italy’s central bank, for example, holds 2,451 tonnes of gold, worth roughly €100-billion. While that pales in comparison to its total debt stock of nearly €2-trillion, it could alleviate some of the short-term funding pressure.

Click here to read the full Globe and Mail report.