Gold as Collateral in EU

Monday, 06 June 2011 22:46

Gold gets more and more acknowledged. Not only that it’s price in dollar and Euro is rising. China buys huge amounts of gold because they know: Gold has always been Money. Gold gives power.

Now the European Parliament has given gold a new quality: it is accepted as collateral for bank loans. Is this a step closer to a new gold standard? Is this the first step to confiscate gold?




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