The war against paper assets starts here

Many people are calling for Italy to sell its gold to help solve its debt problems. But that won't happen. Bengt Saelensminde explains why.

German ministers think they have come up with the perfect solution to the Italian crisis: Italy should sell its gold.

Italy has the fourth largest gold reserves in the world. German ministers argued this week that it could easily flog its reserves and pay back a few of its nervous creditors. And boom the euro crisis is put off for another day.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.