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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?

    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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