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They Can Freeze Khadafy's Bank Accounts But They Can't Touch His Gold

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CURRENCY, WAR
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Let's say you're Moammar Khadafy and you're really stuck in a bind because you have to pay your mercenaries but your ATM card just will not work.

You've called Chase, you've tried all the cash machines in Benghazi, and still...nothing.

Oh, wait -- maybe it's because all your accounts have been frozen by the rest of the world? Jeez, it's always the most obvious answer staring you right in the face, isn't it?

Plan B: Gold.

Apparently, Kolonel Khadafy has 143.8 tons of gold salted away in Libya's central bank, which is controlled by none other than the man himself -- and it's said to be "enough to pay a small army of mercenaries for months or even years."

Only question is, how does one shave off just enough gold from each bar to make exact change?
POSITION:  No positions in stocks mentioned.
TAGS:  GOLD, FIAT CURRENCY, LIBYA, KHADAFY, GOLD STANDARD    SOURCE:   NPR

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