“In the country Paul Krugman hailed as a Keynesian success story, the people are fleeing the government’s currency. Banco de la Ciudad de Buenos Aires, Argentina’s only bank offering gold bullion coins and bars to investors and savers is negotiating with mining companies to purchase gold direct as surging demand depletes the scrap supply.   The bank began marketing gold to clients after Argentina tightened currency controls in October 2011.  Banco Ciudad is the only bank left that trades in gold after Fernandez banned the purchase of certified 99.99% pure gold for savings in July. The bank sells it at 99.96% purity.”

http://www.economicpolicyjournal.com/2013/03/dissing-krugman-argentina-turns-to-gold.html

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