Good observation Hanrahan,
This is precisely what the World Gold Council discovered after a recent survey of Italian citizens:
"Italy should use gold-backed bonds as an alternative to austerity: WGC"
http://www.mining.com/italy-should-use-gold-backed-bonds-as-an-alternative-to-austerity-wgc-76924/
"The report, based on research carried out by the independent research firm Ipsos MORI, shows that Italian business leaders (92%) and citizens (85%) overwhelmingly agree that the nation’s gold reserves have an important and positive role to play in the country’s economic recovery. Only 4% of citizens and business leaders would support the sale of Italy’s gold reserves, while 52% of citizens and 61% of business leaders would endorse using, but not selling, national gold reserves."
from ainsley bullion company today - re china, page-10
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