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.”
Read:-
1) FINANCIAL TIMES
2) YAHOO news
3)FORBES
