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The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit.
NEW YORK (Commodity Online): Now, the United Nations is also lured by the glitter of gold. In a bid to raise money for its projects, United Nations has licensed the minting of gold bullion coins bearing its logo to provide a public option world savings currency.
Oro gold coins are hoped to contribute to making the UN better funded by 2015, with revenue rising by ten to 15 per cent. The coins are set to be produced in Europe and then distributed globally, with any licensee able to produce such bullion under contract.
There is a danger that if the US dollar weakens, there will be a strong move towards the Oro. In turn, this could potentially drive the value of the coin up to a level where international governments will not allow it to be circulated...