24.05.2011 - Selling gold reserves to pay off sovereign debt is unwise: WGC
Renewed worries about Eurozone sovereign debt has inspired discussions that nations at risk of defaulting should consider selling some of their gold or other assets as part of bailout packages to stabilize their economies. This idea arose when some German politicians suggested a few weeks ago that Portugal should sell some of its gold reserves as part of a financial aid package for the beleaguered nation. Portugal eventually received aid without having to pledge any gold, but the notion for countries to sell metal reserves or other assets continues to reverberate..............................................Full Article: Source
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