Italian business leaders (91%) and citizens (85%) overwhelmingly agree that the nation's gold reserves have an important and positive role to play in the country's economic recovery, according to the first independent, nationwide poll of its kind since the recent Italian election in February.
The study carried out by Ipsos MORI, the independent research firm and commissioned by the World Gold Council (WGC), incorporates the views of a representative sample of 1,009 Italian citizens aged 16-70, plus a separate study of 300 business leaders in the country. ...
88% of citizens and 87% of business leaders would back plans to make better use of national assets, to ease the nation's debt burden and spur economic growth and employment, with 52% and 61% respectively supporting the use of national gold reserves to reduce the country's debt costs. Just 4% would explicitly back any plans to sell the nation's gold reserves.
"This survey confirms that there is significant support among the wider population and business community for a renewed focus on growth. In rejecting austerity, the survey sends a clear message to the next government," said Natalie Dempster, director of government affairs, World Gold Council said.
"Italy holds more than 2,000 tonnes of gold in its national reserves, but selling it is not the answer and the Italian people recognise that. The proceeds would have limited impact on the overall public debt position. A higher value option is to use gold as collateral and effectively produce five times its value, without selling it. The World Gold Council calculations show that by deploying the gold as security for sovereign bonds Italy could raise over 20% of its total two-year borrowing requirements," Natalie Dempster added.
The study carried out by Ipsos MORI, the independent research firm and commissioned by the World Gold Council (WGC), incorporates the views of a representative sample of 1,009 Italian citizens aged 16-70, plus a separate study of 300 business leaders in the country. ...
88% of citizens and 87% of business leaders would back plans to make better use of national assets, to ease the nation's debt burden and spur economic growth and employment, with 52% and 61% respectively supporting the use of national gold reserves to reduce the country's debt costs. Just 4% would explicitly back any plans to sell the nation's gold reserves.
"This survey confirms that there is significant support among the wider population and business community for a renewed focus on growth. In rejecting austerity, the survey sends a clear message to the next government," said Natalie Dempster, director of government affairs, World Gold Council said.
"Italy holds more than 2,000 tonnes of gold in its national reserves, but selling it is not the answer and the Italian people recognise that. The proceeds would have limited impact on the overall public debt position. A higher value option is to use gold as collateral and effectively produce five times its value, without selling it. The World Gold Council calculations show that by deploying the gold as security for sovereign bonds Italy could raise over 20% of its total two-year borrowing requirements," Natalie Dempster added.
More information can be found online at http://www.goldbullionadvisors.com
No comments:
Post a Comment