NewsWhore
02-27-2012, 09:10 PM
Gold's Use to Back Value of Dollar Would be Impractical or 'Even Damaging' (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHy5eAAPN5UH_lyXPsO56JkoclqaA&url=http://www.bloomberg.com/news/2012-02-28/gold-s-use-to-back-value-of-dollar-would-be-impractical-or-even-damaging-.html)
Bloomberg
The metal can be used to hedge against currency devaluation and other risks as part of a portfolio, but not on its own, it said. Richard Nixon, the former US president, abandoned the Bretton Woods arrangement four decades ago. Between 1968 and 1971, ...
and more » (http://news.google.com/news/more?ned=us&ncl=d9PJw5e-gBQxuOM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHy5eAAPN5UH_lyXPsO56JkoclqaA&url=http://www.bloomberg.com/news/2012-02-28/gold-s-use-to-back-value-of-dollar-would-be-impractical-or-even-damaging-.html)
Bloomberg
The metal can be used to hedge against currency devaluation and other risks as part of a portfolio, but not on its own, it said. Richard Nixon, the former US president, abandoned the Bretton Woods arrangement four decades ago. Between 1968 and 1971, ...
and more » (http://news.google.com/news/more?ned=us&ncl=d9PJw5e-gBQxuOM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHy5eAAPN5UH_lyXPsO56JkoclqaA&url=http://www.bloomberg.com/news/2012-02-28/gold-s-use-to-back-value-of-dollar-would-be-impractical-or-even-damaging-.html)