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An spanish economic newspaper had that news in its electronic version (in spanish): Germany proposes Spain and Italy to sell gold in order to reduce debt. I posted a comment in Spanish that (from my bad memory) read something like that:
The comment appeared promptly below another two, after passing successfully the filter for spanish "f-words". I went to have dinner, and when I came back the article had no comments and no way to add any more. You can see that all other articles have buttons to add comments, but not this one. Also some unnamed poster had 3 votes, but all posters had to have some name. Did I say something that not everybody knows? Am I a doomer? Or maybe a terrorist? 
Gold is a physical asset that is intended to buy physical necessities in case of big troubles like a war. Spanish government debt is paper and should be payed with paper. The Spanish public debt is not the problem - that is less than Germany's by GDP - but the total debt. And the main part of Spanish total debt is bank and household debt. The Merkel thinks - and probably is right because both major parties are sold to the banks - that the Spanish state will take on the banks debts. What should be done instead is that real state properties in default should be foreclosed, and insolvent banks too, so that German, British and French banks got payed with empty real states properties, because that was what they were invested in in the first place.
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