Showing posts with label diamonds. Show all posts
Showing posts with label diamonds. Show all posts

Friday, May 20, 2011

Zimbabwe To Trade Diamonds For Gold As It Prepares To Launch Gold-Backed Currency

For those who need to be reminded, Zimbabwe is the most recent poster child for a currency collapse and hyperinflation.  In a world gone upside down, they desire to have a gold-backed currency now.  Sound monetary policy--what a concept.

http://www.zerohedge.com/article/zimbabwe-trade-diamonds-gold-it-prepares-launch-gold-backed-currency