8:21 am (Hawaii) Check out the links and see that there is major debate ahead, as it has been for two years in that strife-torn nation. It is not a fact that the country is going to do this, but the wheels are in motion and it appears to make the most sense, especially for a nation with perhaps the most gold and diamond reserves (?) in the world.
99% certain today's move in Spot Gold is about options expiry and the $1500 level. But it's true enough, as well, that if Mexico gets a silver standard, Russia and Asia keep buying physical gold and the US dollar keeps flopping, the rest of earth will likely follow suit.
99% certain today's move in Spot Gold is about options expiry and the $1500 level. But it's true enough, as well, that if Mexico gets a silver standard, Russia and Asia keep buying physical gold and the US dollar keeps flopping, the rest of earth will likely follow suit.
Zero Hedge: Zimbabwe to trade diamonds for gold (May 20 2011)
Commodity Online: Zimbabwe may sell diamonds to launch gold-backed currency (May 20 2011)
Zimbabwe Independent: 'Long way before a gold-backed currency' (May 20 2011)
Zimbabwe Independent: Gold-backed Zim dollar the most ideal situation (May 20 2011)
Zimbabwe Independent: Gold-back Zim dollar another ruse (May 20 2011)
Business Live: Zimbabwe's $4bn market cap 'understated' (May 20 2011)
More on Zim and blood diamonds:
Brandeis Economics & Finance Review: Exports prohibited on Zimbabwe diamonds (Nov 12 2010)
International Business Times: India seeks to resume rough diamond import from Zimbabwe (Nov 12 2010)
Times Live: Marange directors held for fraud in Zim (Nov 4 2010)
Diamond News Agency: Zimbabwe diamond auction stalled by human rights groups (Jan 13 2010)
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