Search This Blog

August 9, 2012

What Happens to the Gold World when Greece Exits the Eurozone by Julian D. W. Phillips

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.
See the whole article here: 

What Happens to the Gold World when Greece Exits the Eurozone by Julian D. W. Phillips

The MasterMetals Blog

No comments:

Post a Comment

Commented on MasterMetals

ShareThis

MasterMetals’ Tweets