Sunday, October 14, 2012 10:46

On January 1, 2013, the world will return to a gold standard.

This isn’t guesswork. Banks in major economies across the globe have already adopted the rules.

In anticipation, central banks have been buying gold in large quantities. Turkey added 3.9 million ounces in the last year. Mexico has purchased 3.2 million ounces. Russia’s reserves stand at 29.2 million ounces — the highest in 20 years.

As they prepare for gold to become currency once again, the price of the yellow metal will continue to climb…

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