26.09.2011 - What another banking crisis will mean for gold
In the first part of this series of articles we pointed out the developing banking crisis and why we felt that was happening. When and how gold will have a central bank-approved role depends on the political agenda on both sides of the Atlantic. Commercial banks are already harnessing their gold to lower the cost and availability of international loans! Since the first part of this essay, there have been dramatic banking developments. Each of these has brought gold close to the day when it will have an active role in the global monetary system..............................................Full Article: Source
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