Majestic Gold Corp. (MJGCF.PK)
Gold has been an almost universal currency and still is used as such today albeit as an alternate to paper currencies. Fort Knox in the United States of America has been the biggest repository for the gold of many countries and its extreme security helped to coin the phrase "as safe as Fort Knox" During the 1990's gold's commanding position as the underpinner of currencies was eroded as central banks sold of gold claiming it was no longer necessary with modern financial setups. The financial crash of 2008 belied this fact and saw a flight to the safe haven of gold as the worlds currencies came under extreme pressure.
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October 10th, 2011 at 01:31 pm