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An Introduction to Gold-Backed Bonds: an Alternative to Austerity - video

Across Europe, economic growth is faltering and in many Eurozone countries, sovereign debt yields are dangerously high.

The World Gold Council has been exploring ways that Eurozone Member States could use their gold reserves to help bring down the cost of borrowing.

We believe that using a portion of a nation's gold reserves to back sovereign debt would lower sovereign debt yields and give some of the Eurozone's most distressed countries time to work on economic reform and recovery.

The following video explores why such a measure could offer an alternative to austerity for the Eurozone.

Sectors: Investment, Central banks/official inst.