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Euronews
Euronews
Joana Mourão Carvalho

From colonial trade to Nazi gold: Why Portugal holds vast reserves

Gold Portugal Munich Brazil Germany London the World Gold Council

In a world where payments are digital and transfers are just a click away, what sense does it make to store tonnes of precious metal in armoured vaults?

The reason is simple — when everything becomes uncertain, gold is the only guarantee. It is an asset free of credit risk, independent of the monetary policy decisions of other countries and resistant to financial shocks.

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