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sesim

Ecb:gold Is Considered To Be A Safe Haven

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From the European Criminal Bank itself...

http://www.ecb.int/press/key/date/2011/html/sp110615.en.html

The exposure to gold price movements is also significantly higher in central banks than in private banks. For example, holdings of gold in the Eurosystem amount to approximately €350 billion, accounting for almost 20% of the total assets. The holdings are on this scale not only for historical reasons, but also for risk management reasons, as gold is considered to be a safe haven. In times of financial distress, gold indeed helps central banks to maintain a solid financial position.

So as the merde hits the ventilateur, the ECB won't be too keen to smack it down.. they're the biggest gold bugs out there.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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