Fearful of a currency crisis, Europeans are on the hunt for bullion
Gold used to be the main exchange currency in Europe, but soon after World War I governments ditched it. Now, amid unstable financial times and economic woes, gold is once again a safe haven for investors, as Russia Today's Peter Oliver explains in the video below.
"With Europe still far from out of the financial woods, buying of gold is no longer just the reserve of the super-rich," Oliver notes. "One reason behind swapping currency for karats couldn't be more stark than this: 'Gold, silver is a real value,' says Franz Herrmann. 'Monetary value is a paper. It's printed. It's like Monopoly.' And it's that feeling that the wayward euro is no longer hitting the right notes that's sending Europeans on the hunt for metal."
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