Meet the world’s new currency of choice

Filed in Gold, Gold Prices, silver by on May 12, 2010 0 Comments

Yes, it is gold bullion, which yesterday made a new high for the current bull market when it surpassed the December 3 interday high of $1,226. Although the yellow metal is both a commodity and currency, it has lately become the world’s currency of choice, i.e. a vote of no confidence in fiat paper.

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Meet the world’s new currency of choice

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