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

Going for #Gold ... in Pictures

Gathered here are images of people extracting, processing, refining, buying, selling, celebrating… all of them going for gold.

See More Pictures here: Gold

Endeavour Mining to buy #Avion Gold for C$389m - Mineweb $AVR #Gold

Endeavour Mining Corp said it will buy Avion Gold Corp for C$389 million in an all-stock deal as it looks to expand in West Africa.
The deal value of 88 Canadian cents per share, based on Tuesday's close of Endeavour's stock, represents a premium of 57 percent to Avion's Tuesday close.

See the whole article here: Correction: Endeavour Mining to buy Avion Gold for C$389m - FAST NEWS - Mineweb.com Mineweb