Friday, December 21, 2012

Gold bar you can break up (and could be the future of money if there's economic meltdown)

Swiss refinery Valcambi has been selling its CombiBar to private investors in Switzerland, Austria and Germany who are worried about a return of Weimar Republic-style hyperinflation.

The size of a credit card, the 50g gold CombiBars are easily be broken into one gram pieces to be used as money in times of crisis.

Now the company wants to bring them to market in the U.S. and build up sales in India - the world's largest consumer of gold, where it has long served as a parallel currency.

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