Germany, wants to make gold the effective currency of the euro zone

Discussion in 'Markets & Economies' started by projack, Jun 16, 2012.

  1. projack

    projack Well-Known Member Silver Stacker

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    Gold is back in the news, big time, and not just because the price may be on the verge of another upswing or that Peter Munk is turning Barrick, the world's biggest gold company, into a CEO meat grinder. It's because Germany, it appears, wants to make gold the effective currency of the euro zone before the region plunges to the bottom of the seas like a concrete U-boat.

    ....


    Desperate times require desperate measures. We can all agree the euro is a pig. A pig stuffed with gold is an entirely different beast.


    (...... Read the rest between)
    http://www.theglobeandmail.com/repo...idea-to-save-or-doom-the-euro/article4243556/
     
    projack, Jun 16, 2012
    #1
  2. errol43

    errol43 New Member Silver Stacker

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    That would not be a great surprise..Germany lend all the euros to European countries and when they do not pay, they take their gold reserves.

    Regards Errol 43
     
    errol43, Jun 16, 2012
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  3. Gold Kiwi

    Gold Kiwi New Member Silver Stacker

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    From what I understand from reading FOFOA, that was the plan the architects of the Euro had all along.
     
    Gold Kiwi, Jun 17, 2012
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  4. jpanggy

    jpanggy Active Member

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    holy crap, if this is true .... man ... the upswing will be massive. Here comes profit.
     
    jpanggy, Jun 17, 2012
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  5. AgH20

    AgH20 New Member

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    "In Gold We Trust"
     
    AgH20, Jun 17, 2012
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  6. petey

    petey Active Member Silver Stacker

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    This is certainly what I read into it all too. Fairly confident that Greece has 0% gold reserves now.
     
    petey, Jun 17, 2012
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  7. Austacker

    Austacker Active Member

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    I think anyone's guess is as good as another ? Would be nice but not sure it can hold up.
     
    Austacker, Jun 17, 2012
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  8. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    They have the world's largest reserves of gold but it is all in the form of chains and medallions hanging over big hairy chests and wrapped around big hairy wrists!

    Do gold sandals count also?
     
    Shaddam IV, Jun 17, 2012
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  9. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Don't forget that the Greek men also have gold. :p
     
    mmm....shiney!, Jun 17, 2012
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  10. rbaggio

    rbaggio Active Member Silver Stacker

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    Don't forget this bloke

    [imgz=http://forums.silverstackers.com/uploads/478_fat-guy-gold_chain_cross.jpg][​IMG][/imgz]
     
    rbaggio, Jun 17, 2012
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  11. petey

    petey Active Member Silver Stacker

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    Think you're thinking about India, maybe with a little less hair. ;)
     
    petey, Jun 17, 2012
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  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    Greece has absolutely nothing. All its assets were pledged against one or two defaults back. If they want to, the banksters can ring fence the parthenon and take the rent, or pull it apart stone by stone and relocate it to their Montana ranches.

    Disgusting pillaging. This is the era of the new barbarians.
     
    JulieW, Jun 17, 2012
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  13. hiho

    hiho Active Member Silver Stacker

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    you dont think theres some hidden away ;)?
     
    hiho, Jun 17, 2012
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