World Bank to borrow gold

UK - The World Bank is set to issue its first gold bond, according to informed sources in London. The bond is aimed to attract investment from central banks, notably in emerging markets. The agents are Goldman Sachs/J. Aron, the big US investment bank (J.Aron is the gold trading arm). An issue prospectus is believed to be available to governments and official institutions from Goldman Sachs.

According to the same sources, some central banks from emerging markets have expressed concerns about a

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