On Saturday, October 17, 2009, ALBA (Alternativa Bolivariana para las Américas) announced the creation of a new intra-regional currency, named the Sucre, which will be rolled out starting in 2010 in non-paper format. The currency is named after Jose Antonio de Sucre, who helped Venezuela fight for independence from Spain two hundred years ago.
Agence-France Presse [...]
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October 8, 2009 · 2 comments
in US debt, USD, central banks, currencies, forex, gold, hyperinflation, inflation, international economy, money supply, precious metals, world reserve currency
Gold has broke through some of its all-time highs today, October 7, 2009, reaching as much as $1043/oz. But that is not the end of the excitement for all the gold bugs and other lovers and investors in the yellow metal. Gold might be making a comeback as a contender for one of several currencies [...]
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