Gold for Financial Security
In turbulent times, the Greeks queue to buy gold sovereigns to secure their financial status. During World War II, British gold sovereigns were the currency to fund Greek resistance against the Germans. During today’s crisis the British gold once again are the foreign currency of choice to secure life in Greece. They offer a sense of security in uncertain and turbulent times. This very much resembles the 1940s, when much of the only reliable currency was hoarded in trunks or under floorboards to get hold of it. No girl could marry without her dowry containing some sovereigns back then.
Today gold sovereigns are being used because many people fear that Greece may leave the euro zone. If this happened, the Euro would crumble and many other States would go bankrupt. Security is worth it apparently!
