Can gold be a solution for debt crisis?

Note: This section contains information in English only.
Source: CNN Money
© Scanpix/Reuters

As debt turmoil in Eurozone is being endured, discussions about alternative solutions start to spread. The latest of them offers to use gold for collateral. Jeffrey Nichols, American Precious Metals Advisors' manager reminded that countries in the past already have used gilt as collateral. Eurozone's banks currently hold about 64% of world's gold assets. 

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