Gold sales would not solve Europe's debt troubles

My retort is gold will solve Europe's debt troubles--but only at a much higher gold price.

Talk of a gold-backed Euro bond sent gold prices soaring.  The anti-gold crowd will insist "you can't eat gold."  My response is you can't eat paper Euros or USDollars either.  But at least gold has a 6000 year history of maintaining its value--and being a monetary metal.


http://in.reuters.com/article/2011/09/02/idINIndia-59110820110902