Soon, “gold” will be used to describe a new type of credit card – but in more literal terms. The Gold Bullion credit card promises to be backed up by the value of your own gold bullion coins. Don’t have any? The company marketing the card can buy them for you at market rates.
Probably backed by paper or gold-plated tungsten bars, but notice how the market forces are pushing in unexpected ways. It won’t be long before that pesky barbarous relic pushes even harder.
Source: smartmoney.com
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