Barry Stuppler

The Federal Reserve and other central banks are able to go bust and may yet do so, Urs Gmuer, an asset manager at Dolefin, a Swiss investment advisor, told CNBC Tuesday.

Instead of printing more money when needed, he said central banks should return to using gold to back their currencies.

Gmuer contacted CNBC in response to comments by ING senior economist Teunis Brosens, who said central banks are technically unable to go... 

The chemical element Au with atomic number 79 "has never been worth zero." King Tutankhamen and the Incas had at least one thing in common - they understood the value and scarcity of gold and used it as a symbol of wealth and power. Nothing has changed since.

Even though gold is no longer used to back currencies like the dollar, it is still stockpiled by countries around the world. Since the price of gold has fluctuated dramatically, the holdings are ...

The most disturbing aspect about the Eurozone right now is that every crisis resolution strategy depends on a moderately strong economic recovery. The Greek program was already in trouble when it was agreed six weeks ago. All the official forecasts were wrong. The country is in a depression, and its debt dynamic is “out of control”, according to its new fiscal council. In Italy, the central bank expressed concern that the country’s austerity programme would have ...