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  • Italy Interested in the Gold Standard

    Posted on February 24th, 2009 No comments

    According to Bloomberg, Italy’s Finance Minister Giulio Tremonti supports a proposal to use the Bank of Italy’s gold reserves to guarantee loans. With this being said, could the euro zone be collectively considering moving back towards the gold standard?

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaztRr9ffbyg

    If this is true, we can expect many other nations to follow suit. With that being said, it could create a fairly incredible spike. I will keep my eyes on any developments pertaining to this.


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