US, EU and China could pursue joint revaluation of precious metal
Last year 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967, the year the London Gold Pool collapsed. The gold repatriations by many European countries of the last few years are another sign that we are reaching the end of four decades of monetary calm.
The OMFIF is an independent think tank for central banking, economic policy and public investment
This could bring about the largest monetary changes since the closing of the gold window by U.S. President Richard Nixon in 1971.