Advises are there to be set aside
From the goldreport van Erste Group in Juli 2012 op blz 61
The thing I did dig up about Erste Group... see below. Have you some knowledge about Erste Group and what kind of player they are in Germany or Austrich ?
Erste Group was founded in 1819 as the first Austrian savings bank (“Erste oesterreichische Spar-Casse”). In 1997, Erste Group went public with a strategy to expand its retail business into Central and Eastern Europe (CEE).
Since then Erste Group's customer base has grown through numerous acquisitions and organic growth from 600,000 to around 17 million. 95% of all clients are citizens of the European Union. The EU membership gives the countries of the region a stable regulatory framework that supports their economic development.
Today Erste Group is one of the largest financial services providers in Central and Eastern Europe in terms of clients and total assets. It has always focused on retail and SME banking.
http://www.erstegroup.com/en/Downloads/ ... 0bb26c.pdf
A former central banker claimed that US Treasuries were not safe in the medium to long term96. In addition, China will launch a new investment fund that will invest parts of the more than USD 3,000 in currency reserves in energy and precious metals. PBoC advisor Xia recommends holding only USD 1,000bn in currency reserves, with the rest to be earmarked for strategic investments. He goes on to suggest a gradual increase in gold reserves and recommends pursuing a “buy the dip” strategy over an extended period of time. He also advises PBoC to add silver to the official reserves97.
how doubtful is Rickards? 
