Dear Friend of GATA and Gold:
BMO market analyst Don Coxe today tells King World News that the
likelihood is increasing that new bonds issued by the weaker nations in
the eurozone will be backed by gold and that gold will be brought back
formally into the international financial system, leading to a
substantial upward revaluation. Why anyone would trust the gold pledges
of nations that can't possibly fulfill their social welfare promises
under any circumstances may be hard to understand, but anything like
this is going to be construed as gold's superiority as money. An excerpt
from Coxe's intervies is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/2_Don...
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