Gold is the New Cash

Gold prices have soared on the recent wave of global volatility with stock market crash in China and the Swiss national currency turmoil, exceeding $1,300-1,320/oz.
© REUTERS/ Leonhard Foeger
Russia Might Implement Gold Standard to Boost Economy: Expert
MOSCOW, January 19 (Sputnik), Kristian Rouz – One of the top-valued metal commodities and a universal monetary equivalent, gold, is heading to exceed the psychological threshold of $1,300/oz., as investors in Asia-Pacific and Europe are gravely concerned with the sudden fluctuations in the Swiss national currency’s FX rate and today’s crash in mainland China’s stock markets.
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