Spain to get $100B plus...from where?

Where were these idle funds before?

With each bailout, systemic risk rises -

http://www.eidesiscapital.com/pdf/Barrons-Going-for-Gold-in-a-Dangerous-World6-4-12.pdf

By definition, many will suffer - one way or the other.

Yet gold, no-one's liability, will move closer to the system. If the article below comes to fruition, the barbarous relic callers may need to re-think...

http://www.theglobeandmail.com/report-on-business/international-business/european-business/a-golden-idea-to-save-or-doom-the-euro/article4243556/

Germany’s idea is coyly named the European Redemption Pact and it is nothing if not creative. While details are scant, here is roughly how this gilded baby would work. Countries with debts greater than 60 per cent of gross domestic product – the (ignored) limit under the European Union’s Maastricht Treaty – would transfer those debts into a redemption fund, which would be covered by joint bonds. The scheme has been called “euro bonds lite.”

Here’s the catch. Countries using the scheme (most would, including Germany, because of generally high debt-to-GDP ratios) would have to cover 20 per cent of their debt with collateral, payable in gold or currency reserves. Default on the payments and you lose your gold. The “sinking” fund would retire the debt over 20 years.