The Gold Takedown: Another Glimpse into the Central Banking Matrix

clock • 14 min read

Three week the investing public was awarded a brief glimpse into the mysterious world of central banking through events in Cyprus.

Despite the official assurances by IMF head Christine Lagarde that this was an anomaly, a one time expropriation of investor savings, it is now clear that the situation is far more serious than originally acknowledged and that the Cyprus style “bailin” will likely be used as a template for other distressed banks. News soon circulated that Cyprus’s gold reserves will be seized as part of the plan. Rumours rapidly spread that other troubled countries would also be forced to sell their gold. Central banking has always been a highly secretive, subterranean affair that has led to many con...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the week: Hedge funds go short against Saba holdings; Schroders adopts all four SDR labels

Stories of the week: Hedge funds go short against Saba holdings; Schroders adopts all four SDR labels

Hedge funds, Saba, and Hargreaves Lansdown: The biggest stories from the world of investment and asset management this week

clock 31 January 2025 • 1 min read
WBS' Steve Croucher: Barriers to entry for fractional shares are higher than you think

WBS' Steve Croucher: Barriers to entry for fractional shares are higher than you think

Risks can 'grow at pace'

Steve Croucher
clock 30 January 2025 • 4 min read
Partner Insight:  India is no longer an emerging market – it has emerged

Partner Insight: India is no longer an emerging market – it has emerged

India's diverse and rapidly growing economy, bolstered by a strong domestic market and strategic geopolitical position, is reshaping the global economic landscape, says Vikas Pershad, India Portfolio Manager, Asia Pacific Equities Team, M&G Investments.

M&G Investments
clock 30 January 2025 • 3 min read
Trustpilot