Wednesday, May 23, 2012

 
 

 
 
 
 
 
Gold soars to $1,700 in Greece
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Thursday, May 27, 2010
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From Zero Hedge:

... Coinupdate.com reports that prices at which the Greek Central Bank is selling one ounce gold equivalents are as high as $1,700 (40% over spot), and prices on the black markets are even higher.

The punchline, as Athens slowly returns to a forced gold standard: " A popular spot for street vendors to sell their coins is near the Athens Stock Exchange. There the traders wait for citizens to bring payments received from unloading their paper assets like stocks and bonds."

That's good...

Read full article...

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Topics: Gold | Europe | Commodities
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