Re: Potentially explosive news out of Europe
in response to
by
posted on
Sep 03, 2011 05:29PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Gold’s lack of counter party and debasement risk and its safe haven status is resulting in it being slowly remonetised in the global financial and monetary system.
Gold’s status as a finite monetary reserve makes it ideal collateral today especially with the risk of contagion in the Eurozone and wider global financial system.
The above taken from the article from my last post. This reminds me of when desperate people take their wedding rings into pawn shops in Las Vegas. In the end, that's all they have left...
SKELLIG