Gold used to be the main exchange currency in Europe, but soon after World War I governments ditched it. Now, amid unstable financial times and economic woes, gold is once again a safe haven for investors, as Russia Today’s Peter Oliver explains in the video below.
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Source: Mining.com- Gold News
Commentary: Declining values of paper money last year, as seen through rising prices for life’s basics, has been a large driver in the gold bullion rally of recent years. If these currencies continue to erode in value, more and more people in Europe, Asia and the U.S. will move into gold. The gold vending machine is just one sign of a larger trend – gold and silver are becoming more and more mainstream. The sooner someone jumps in, the more bullion they will be able to secure with their current assets – investors can accumulate even more when they buy gold on the periodic price dips.