The Case for Gold in the Euro Zone Bailout

- November 22nd, 2011

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

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.

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