With no end to the eurozone debt crisis in sight, there has also been no end to the stream of possible solutions. The latest involves using gold as collateral.

With eurozone central banks holding some 64% of the world's gold reserves, they'd have the heft to back that up.

And there is some precedent, though that was largely during the pre-euro era. So it is unclear what legal hurdles might need to be overcome to satisfy all 17 euro-area nations.

But assuming those challenges could be addressed, experts see it as a real win-win possibility.

"Historically it's not unusual for a country to use gold as collateral," said Jeffrey Nichols, managing director of American Precious Metals Advisors in New York.

The idea of using gold as collateral is reportedly part of a broader proposal expected to be unveiled by the European Commission later Wednesday.

Read the rest of this story: http://money.cnn.com/2011/11/23/markets/gold_eurozone/