Gold reclaims its currency status as the global system unravels

Gold reclaims its currency status as the global system unravels

We already know that the eurozone money markets seized up violently in early May as incipient bank runs spread from Greece to Portugal and Spain, threatening the first big sovereign default of our era.
By Ambrose Evans-Pritchard
Published: 5:43PM BST 20 Jun 2010
Jean-ClaudeTrichet, the president of the European Central Bank (EC), talked days later of “the most [...]

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