Gillian Tett: Time for eurozone to reach for the gold reserves?

``eurozone countries should essentially securitise part of [their] gold, by issuing government bonds that are backed by gold. This could be done in a simple manner; or it could be structured to include tranches of different risks. Either way, the key point is that gold would be used to provide additional security for bonds -- and thus reassure investors who do not trust eurozone government balance sheets anymore.''