Financial gold or paper gold served the globe for too long and during the current economic crisis,it may not get the support it enjoyed for long.
LONDON(BullionStreet): Germany's decision (not officialised yet) to repatriate a major portion of it's gold stored in the US,UK and France may start the trend of switching to physical gold from financial gold, analysts said.
They added that financial gold or paper gold served the globe for too long and during the current economic crisis,it may not get the support it enjoyed for long.
They however said the process is definitely in its early stages. But it may eventually appear as people and governments want to see the real gold to fight inflation.
Some experts said if gold repatriation becomes a worldwide trend, it will be obvious that both the US and UK have lost their credibility as gold custodians. ...
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More countries to follow soon, I'm sure.