Not sure what you mean here as we don't trade in gold or pay for goods and services. Not sure what point you are making?Not being rude, but that should be obvious. The fact is that the globe is in recession and Gold as a hedge has tended for the up over recent years.
You expect GBP/EUR and/or other fiat currencies to adjust to 1:1. If so, why?It's why I say there will have be an international adjustment in order for some sort of parity to remain possible. 75
75 billion of imports that are 25% more expensive than 5 years ago. Hardly peanuts.75 Billion is relatively peanuts but the EU is trying to spend 10 times that amount as some sort of a protective measure.
750 billion of economic stimulus. It remains to be seen in what form this takes....
AgreedFridays meeting requires unanimity- I'm not holding my breath.