As Emerging Market Currencies Collapse, Gold is being Mobilized
By GCRU Gold News on Monday, September 3 2018, 07:35 - Permalink
Physical gold takes centre-stage in times of crisis precisely because it has tangible value, is not issued by any central bank, monetary authority or government, cannot be debased and has no counterparty or default risk. The fact that sophisticated physical gold markets exist in most if not all of the economies currently stricken by currency weakness also allows gold, with its deep liquidity, to be quickly harnessed.