The CEO of one of the world's largest reinsurance companies has launched a scathing attack on the policies of the European Central Bank (ECB) whilst revealing that the firm is diversifying into gold and currencies to tackle the current environment of negative rates.
Munich Re is a leading reinsurance firm - offering insurance for insurance companies. Based in Germany, the company has a 231 billion euro ($261 billion) investment portfolio which contains a 324 million euro investment in physical gold.
http://www.cnbc.com/2016/03/18/this-firm-is-hoarding-gold-and-cash-due-to-negative-rates.html?__source=facebook%7Cbusiness%7Clink%7C032116%7C4AM%7Cfirm-hoarding-gold
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