Gold Reserve the only solution for the European market to get out of all the financial mess and the last resort for ending the financial crises.
France Italy and German stand in top five countries holder of gold in the reserve and this can be used for bring fund in the liquidity market and support the bank and on the bottom line money in circulation.
France (French National bank) is holding 2435 tones which is 66.2% reserve
Italy is holding 2451 tones which is 71.2% of the reserve and
German the largest economy in the Euro zone is holding 3400 tones which is 71.4% reserve
According to me if only 10 – 15% of the reserve is shed by this country which will bring good liquidity in the market ands flood the bank with liquid cash where the cycle of the flow will start.
In the European summit which is expected to be hold on 30th Jan 2012 I feel this point should also be the strong point to discuss..
