The European Central Planner Bank (#ECB) and Mario Draghi today plan to eventually go all in and announce negative interest rate for deposits with the ECB. This is getting us closer to a new gold standard, because now the ECB does invalidate the argument that Gold is not money as it does not bear interest. The Euro has become now defacto the closest ally to GOLD, it is the one of the first fiat currencies, which punishes safety incurs storage cost and therefore is inferior to gold in nearly all aspects. Therefore the future of the #EURO will become highly linked to the price of Gold and the ECB gold holdings.
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