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- Gold Spikes As World Gold Council Says Gold Demand Surges 36% In Q2, Sees Ongoing Demand Out Of China And Europe
2012-06-02 — usagold.com
the World Gold Council moved to "incorporate official sector purchases as an element of gold demand" (my emphasis) in its fundamentals table. Previously central banks occupied a slot on the supply side of the ledger.
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I do not believe that some version of the gold standard is necessarily the best or only approach to restoring gold's place in the monetary system. Simply using gold as a reserve asset as Nobel prize-winning economist Robert Mundell suggested many years ago could go a long way in restoring confidence in the various currencies
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