Monday, 15 November 2010 12:03
Gold might move centre stage again
Robert Zoellick, the president of the World Bank, has called on bickering G20 nations to bring gold back into the global monetary system as an anchor to guide currency movements. His call came amidst mounting, and globally widespread, evidence, of moves away from the ailing United States (US) dollar as the world’s central currency of settlement. At this stage there is, however no sign of a sliver bullet to fix what seems to be a broken global currency system.
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