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Ecb:gold Is Considered To Be A Safe Haven

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From the European Criminal Bank itself...


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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