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One of the upshots of Brexit was all the control of their financial systems that Britain would get back (I’m convinced this might be a reason the wealthy might
by hardwaresofton 5y ago
One of the upshots of Brexit was all the control of their financial systems that Britain would get back (I’m convinced this might be a reason the wealthy might have been for it to begin with).
I can’t comment on whether this move actually destabilizes the gold trading system (lowering reserve requirements seems like it can only destabilize, and I’m not sure “increasing liquidity” was that needed for the gold market) but I guess we’ll find out in <5 years at the next crisis. I can’t imagine having a run on gold though… actually yes I can —- in a crisis everything goes down (gold, bonds, equities) because people rush to cash.