Gold Reactions to World Bank president Robert Zoellick’s suggestion that gold might be used as part of a package of measures to reconstruct the international system ranged from the lukewarm to the bewildered.
Writing in the Financial Times on Monday, Mr Zoellick called for a “co-operative monetary system that reflects emerging economic conditions”. He said that system “should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values”.
