credit backed gold

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sculpin

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credit backed gold

posted on Dec 11, 2011 06:48PM

I found this interesting and how its fitting with some of the states recognizing gold as money now. In time, if you don,t have gold as collateral, you may have trouble getting credit. Just a thought.

http://economictimes.indiatimes.com/news/economy/finance/everyone-gains-as-gold-loans-soar-to-rs-55000-crore/articleshow/11076047.cms

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