The bell tolls for the US$ and the phrase "good as gold" will be...

The bell tolls for the US$ and the phrase "good as gold" will be heard more often all across the trading world.

I don't know whether BAE is the first company to demand a gold-backed guarantee for such a loan but they surely won't be the last.

We are witness to a new investment era...as spin will no longer suffice to support a tarnished halo over fiat currencies.

IMO, this story represents a mega-shift for the first time in the modern-day, western world. 40 countries have indicated they're reducing their US dollar reserves and the US dollar is slowly losing its world reserve currency status. It may be gradual, but it is happening.

Remeber, gold is the ultimate currency and always has been.

In months to come, some may feel that this report on BAE was the moment when the deck of cards began its final wobble.

Behold...these are fascinating times!