"The global acceptance of gold as money has been given another boost as the Economic and Monetary Affairs Committee of the European Parliament has approved it to be used as collateral," writes professional mine engineer Lawrence Williams - formerly of Mining Journal, and with more than 30 years' technical and financial experience in the sector - at MineWeb.
"While one would still likely be unable to go into your local supermarket and pay for goods in gold, the metal is becoming more and more easily tradable, particularly if bought and held via some of the gold investment specialists out there like London-based BullionVault.
"There are many retail outlets too in Western nations," says Williams, "which will buy your gold over the counter, although one has to be cautious about the pricing being offered here from some less scrupulous dealers."
You can read MineWeb's full report here.
Gold bullion - Buy online at live gold prices.
