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Monday, November 8, 2010

World Bank Chief Calls For Return to Modified Gold Standard



In a sign of further erosion of confidence in the US Government and its decision to raise(and print) 600 BILLIONS in US Dollar Treasury Debt, Robert Zoellick calls for a return to a modified gold standard by proposing that gold be used as an “International Reference Point of Market Expectations” given that “markets are already using GOLD as an Alternative Monetary Asset.”



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