Commodity Trade Mantra

Posts Tagged ‘Trading in Gold’

Who Says You Can't Pay Your Debts with Gold?

The Swiss Federal Customs Administration, reflected that $1.3 billion worth of gold bars were received, believed to be payment on two big bond payments due this month. With a loss of revenue from the drop in the price of oil, Venezuela may have to default on future bond payments. I wonder how the anti-gold crowd will spin this story that gold was used as a payment on debt?

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