What Happens to the Gold World when Greece Exits the Eurozone by Julian D. W. Phillips
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Today’s Value of Gold
·The very fact that the B.I.S. undertook over 500 tonnes of currency/gold swaps two years ago, testifies to it ability to facilitate and support the global monetary system as we know it now.
·The continuation of the acquisition of gold by emerging nations also testifies to its current and future value as a support for the monetary system.
·The discussions going on in banking circles on rerating gold from a Tier II asset on bank balance sheets to Tier I (equal to U.S. Treasuries in status) further testifies to its value as bedrock money. This value goes well beyond its market price.
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What Happens to the Gold World when Greece Exits the Eurozone by Julian D. W. Phillips
2012-08-10 05:25:05
Source: http://mastermetalsblog.blogspot.com/2012/08/what-happens-to-gold-world-when-greece.html
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