Merkel: You Touch-a Our Gold, We Break-a You Face
By Tatyana Shumsky
AP Germany may be bankrolling the European bailout effort, but some things, like its gold, are still off-limits.
Chancellor Angela Merkel’s spokesman effectively told people to get their sticky fingers out of the gold jar when he dismissed speculation that G-20 leaders discussed using Bundesbank’s gold and currency reserves as way to bolster the European bailout fund.
Coincidentally, gold is once again behaving like a safe haven today, rising as stocks fall.
Comex December gold was recently up $26.00, or 1.5%, at $1,782.10 per troy ounce.
By Tatyana Shumsky
AP Germany may be bankrolling the European bailout effort, but some things, like its gold, are still off-limits.
Chancellor Angela Merkel’s spokesman effectively told people to get their sticky fingers out of the gold jar when he dismissed speculation that G-20 leaders discussed using Bundesbank’s gold and currency reserves as way to bolster the European bailout fund.
Coincidentally, gold is once again behaving like a safe haven today, rising as stocks fall.
Comex December gold was recently up $26.00, or 1.5%, at $1,782.10 per troy ounce.
