The Corner

Non-Fiat Currency Leaving Land of FIAT

There is probably a non-Eurogeddon explanation for this (via the BBC), but even so:

Italian exports of gold ingots to Switzerland have soared in recent months, data has shown. Exports to Switzerland were 35.6% higher than in February 2011 “mainly because of sales of non-monetary raw gold”, statistics agency Istat said. This followed a 34.6% year-on-year rise in exports to Switzerland in January.


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