What They Don’t Tell You About a Banking Crisis

Counterparty risk, bail-ins, and BRRD exposure, why gold inside banks isn’t truly yours.

In this discussion, Jonny Haycock speaks with Matt Piepenburg of VON GREYERZ about the often-ignored risks of storing gold within the banking system — from counterparty exposure and rehypothecation to EU bail-in legislation under the BRRD. They explain why genuine wealth protection requires holding metal outside the financial system in sovereign, politically independent jurisdictions such as Switzerland, and examine the broader macro forces — debt, financial repression, and systemic fragility — that continue to drive private, allocated ownership of physical gold.

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