Sovereign Debt…Is It All About The Gold?
Posted by lifebalance on Feb 9, 2012 in Blog, Uncategorized | 0 commentsGain a fresh perspective…
Gold has been with us since time began. For thousands of years it has motivated civilisations and their economies influencing the fate of kings, emperors and their empires.
As a society, our fascination with gold can be epitomised in the 100 year old tale of a man who boarded a ship carrying his entire wealth with him in a large bag of gold coins. Only days into the voyage, a terrible storm prevailed and the alarm was sounded to abandon ship.
Strapping the bag around his waist, the man went up onto the deck, jumped overboard into the ocean and promptly sank to the bottom of the sea. The question asked as he was sinking was: “did he have the gold? Or did the gold have him?”
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