Gold backed Euro bonds?

[doomsday surprise]

2 different stories about a possible plan for gold backed Euro bonds. If this comes to pass it means gold is once again part of the monetary system which could mean a big leg up for gold. First on KWN -
http://kingworldnews.com/kingworldn...mergency_Fed_Meeting_&_Gold_Backed_Bonds.html

and 2nd From the UK telegraph -
http://www.telegraph.co.uk/finance/...-pawn-their-gold-for-Eurobond-Redemption.html

 

[TeaPot&ChopSticks]

Gold Man Sachs has put all their yes men in place as administrators or prime ministers I am sure they are looting the hell out of europe any how - I would not want my government trading gold ( god's money ) for worthless fiat currency . All I can say is that the President of Iceland seems to have done the right thing by his people.

 

[nowaydude]

for this to work, will euro to gold be pegged or will it float?