Leveraging Gold Reserves To Help Lower Eurozone Sovereign Debt Yields

Produced by the World Gold Council this short video presents the case: Leveraging gold reserves to help lower Eurozone sovereign debt yields.
Video Rating: 2 / 5

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22 Responses to “Leveraging Gold Reserves To Help Lower Eurozone Sovereign Debt Yields” Subscribe

  1. Rick Medeiros April 5, 2013 at 9:36 pm #

    This is like an indebted DRUG ADDICT leaving her infant baby with a Drug Dealer as collateral before she can go and earn money to pay back the debt.

    1. Don’t trust a drug addict.
    2. Don’t use a Baby as Collateral unless you’re willing to lose it.

    Btw, I’d be Banks would LOOOOOOOOOOVE this idea…. issue worthless paper to irresponsible politicians and when they can’t pay you back the worthless paper, you win real money in the form of GOLD.

    Excellent idea! f’n Crooks

  2. arta612 April 5, 2013 at 9:49 pm #

    this makes no sense. Risk all of Europe’s gold, accumulated over hundreds of years, the back stop to their entire liquid banking system, to fund only a measly 20% of only Italy and Portugals TWO year borrowing requirements? I feel like these people are on acid. Its shameful that the WGC would aprove this advertisement.

  3. Mark O'Byrne April 5, 2013 at 10:44 pm #

    Less than 1% of savers and investors internationally have any allocation to gold, let alone silver. The numbers are likely to be even less in Ireland where gold is still largely not known and rarely covered in media – unlike property which is still covered extremely favourably.

    HSBC estimated in December 2010 that gold remains less than 0.14% of global investable assets. Has increased since then but likely remains below 1% internationally.

    Smart money owns gold. Dumb money in euro deposits

  4. Mark O'Byrne April 5, 2013 at 11:34 pm #

    Thanks for all the interesting and thought provoking comment. “Devil is in the detail” as they say and important that people in sovereigh nations get assurances that there is not a risk that they lose all their gold reserves. Maybe they could just pledge a portion of their gold reserves as collateral?

    Think what is more important is fact that gold being seen as safe haven by monetary and financial authorities – only a matter of time before people realise this too and see gold go mainstream.

  5. XYZH1234 April 5, 2013 at 11:51 pm #

    sounds like flushing gold down the toilet. Italy and spain will never change it´s ways despite low interest rates. lol :D

  6. grraadd April 6, 2013 at 12:25 am #

    Germany already lost most of its people’s gold… to FED. French deposit will be returned in 7 years (yes years, not months or weeks…), but American deposit for now will be just left in hands of banking cartel. They are promising to return 20% in some 7 years. Well, those banksters surely like magic numbers. What about the rest: 80%? Don’t ask, so they will not have to tell you to get lost…

  7. idahosilverspelunker April 6, 2013 at 12:53 am #

    Pass it out to the People

  8. noodlesdoctor April 6, 2013 at 1:36 am #

    This is a bad idea on so many levels,using gold to back Euro bonds would mean loss of gold if a country defaults. Also why is Germany having to wait 7 years to get a mere 300 tons out of the US Fed? Answer the US Fed has leased it out (sold it)
    When the currency war hots up, he who has the gold owns the gold!

  9. ARXD April 6, 2013 at 2:13 am #

    This is a very BAD IDEA! before we use the gold as a collateral, we first need to replace the current ponzi scheme monetary system with a real one. No more banks that create money out of a thin air and charge interest on it!!! governments should start issue there own money interest debt free!

  10. inter383 April 6, 2013 at 2:48 am #

    What do you think, why the USA need until 2020 to return this few mt?-and GB does not return even 1gr? Because they already use foreign deposits for own colleterals and ETFs Backup. This 10,000mt are only on the records. If any country needs to establish bonds, AU must be at home. Using all AU for Eurobonds leads to the same result as Eurobonds required – and for good reason rejected – before as well as this will become physical margin for future contracts and leveraged this way later on…!

  11. joe9083 April 6, 2013 at 3:44 am #

    Mark,how many Irish people bought physical gold and silver? To what amount through GoldCoreLimited since 2008,given it’s a microcosm of the western world. It would be nice to know?

  12. Gerry dates April 6, 2013 at 3:55 am #

    Throw out and stop funding the NWO imposing it’s world monarchy. Here’s one example:

    In 2000–2001 the regular, two-year budget—not counting special political missions, such as those in Iraq and Afghanistan—was $2.4 billion. In 2010–2011, it was $4.2 billion. That is a 75 percent increase, over a period that included a major post-9/11 economic contraction and a global recession. Heritage (dot) org

  13. Gerry dates April 6, 2013 at 4:46 am #

    The IMF & World Bank are UN agencies & it’s sovereign eating un-elected dictator technocrats are UN agents… >that pay no fek’n tax. Do you think the UN is there for you?

  14. Gerry dates April 6, 2013 at 5:42 am #

    “In fact, her IMF salary of $467,940 plus an $83,760 additional allowance is not subject to any taxes. See Christine Lagarde, Scourge of Tax Evaders, Pays No Tax. No taxes is the norm for most United Nations employees …”

    The UN membership includes 3rd world tyrannical dictatorships-easily bought by the bankers&dynastic families) that like nothing better than to dis-arm &spread western wealth to themselves through UN resolutions and increasingly control NATO.

  15. Gerry dates April 6, 2013 at 6:01 am #

    There is no question, through uninformed or complicit politicians around the world, the UN is forcing it’s control already over every nation’s sovereignty & needs to be defunded & kicked out of every country. Audit the UN and what exactly is it’s agenda? – Agenda 21. Sustainability and peace? UN also back door funded?…..

  16. Gerry dates April 6, 2013 at 6:56 am #

    …The EPA in the US awarded a $2.5 million grant (US citizen’s taxes) to the UNU Institute for Sustainability and Peace (UNU-ISP), where the fek did the EPA get that money?.you’ve been taxed to fund UNU since 1972, how’s that ‘sustainablility and peace’ going? How many of these UNU professors & administrators are now retired with tax funded pensions? For accomplishing what?

  17. Gerry dates April 6, 2013 at 7:21 am #

    The UN is now going to ‘probe’ drone attacks?

    The other giant squid, the UN, is going to basically investigate itself because it is just another head of the NWO hydra along with NATO & the IMF, World Bank (all UN agencies), and ‘WORLD’ EVERY OTHER ORGANIZATION that gets it’s orders from the “intellectual elite and world bankers”.

    End this piracy and prosperity will quickly return

  18. Alan Hayes April 6, 2013 at 7:50 am #

    It’s actually the bondholders trying to get their mitts on the Spanish and Italian gold, that’s all this is. Pure EU propaganda at its ugliest.

  19. 82simosmo April 6, 2013 at 8:38 am #

    How about another proposal – everybody default, people, governments, businesses and start anew? Even the blind now understand that those depts will never be repaid.

  20. Mark O'Byrne April 6, 2013 at 8:41 am #

    Thanks for comment THG. That is a valid concern. Suppose the proposers of European gold backed bonds would have to address these concerns and detail exactly what would happen in the event of a default by Portugal or Italy. Regarding Germany, believe proposal is more for debtor countries (unfortunately named PIIGS) and Germany as a creditor nation would be unlikely to issue gold backed bunds. Market Update will cover in more detail – goldcore.com/goldcore_blog

  21. TinfoilHatGirl April 6, 2013 at 9:28 am #

    The gold belongs to the people of the european nations!!! If you take it as collateral it means that in case of default the bond is somehow redeemable for the nation’s gold and so the peoples gold is in danger to be taken away. so the population should have the right to vote on that issue! And dont come with that BS that the whole “European gold” could be used, it is clear that implies that mainly the GERMANS should hand over THEIR gold for other nations’ spendings! We are fed up with that!!!!

  22. Mark O'Byrne April 6, 2013 at 9:39 am #

    Very interesting video again showing gold’s importance as a safe haven asset and important monetary asset. Will be covering extensively in our Market Update tomorrow.

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