US dollar clearing rules make gold the new green
By GCRU Gold News on Sunday, July 13 2014, 23:28 - Permalink
There is a fresh wind behind the dollar price of gold, which is also increasing the reported and unreported volumes of physical trading in the metal.
Thanks to what one (non-banker) friend of mine calls the “dangerously stupid” punitive actions and fines levied on banks using the international dollar clearing system by the US government, the world is finding ways to get along without the dollar.