| A recent analysis by Julian Jessop, Chief Global Economist for London-based Capital Economics, comes down pretty firmly on the side of gold being, in effect, a currency - at least for the moment - and one which, as such, will continue to outperform other currencies, particularly while global economic turmoil persists, or indeed escalates. Indeed he sees gold as set to climb well above $2,000 - but on an unspecified timescale.
It can be seen as a universal currency as it is not issued by a government or other sovereign entity and even if its day to day use as a medium of exchange might be considered limited in, say, the retail sector, it may still be acceptable as payment for some particularly large transactions, or as collateral.............................................Full Article: Source
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