Russian president muses favorably about gold as money

Section:

Medvedev Given First Coin of Future Supranational Currency at G8

From RIA Novosti, Moscow
Friday, July 10, 2009

http://en.rian.ru/russia/20090710/155494340.html

L'AQUILA, Italy -- Russian President Dmitry Medvedev said on Friday he had been given an example coin of a possible global currency at the G8 summit in Italy, adding that all aspects of reserve currencies were under discussion.

"We are discussing both the use of other national currencies, including the ruble, as a reserve currency, as well as supranational currencies," the Russian leader said at a news conference following the G8 summit.

Medvedev showed reporters an example of a coin of a supranational currency, which he called a "united future world currency."

"This is a symbol of our unity and our desire to settle such issues jointly," Medvedev said, adding that the coin had been made in Belgium.

He also expressed the hope that a day would come when something of the kind would be used for payment.

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The international coin is gold. Background about it can be found here:

http://www.gata.org/node/7572

A photograph of President Medvedev holding one of them can be viewed here:

http://www.gata.org/files/MedvedevGoldCoin-07-10-2009.jpg

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