Gold Bonds' Glittering Future

A South African bank has created the world's first bond fully denominated in gold. Securities backed by the yellow metal have a glittering future.
A fistful of krugerrands. (And some Australian sovereigns.)                

In these post-credit-crisis days, true innovation in the shell-shocked world of money is a rarity. Mistrust of the financial industry, central banks and fiat currencies, however, is ubiquitous. So a new breed of security that combines innovation and mistrust is noteworthy.

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