by Mark O’Byrne
Ryanair will not diversify into gold, a Bloomberg News conference on Brexit heard today, when the CEO of one of Europe’s largest airlines said that the airline would be unlikely to do so, as gold was in his eyes a “risky asset.”
In response to a question, put to him by Research Director of GoldCore, Mark O’Byrne:
“Given event risks and risk of contagion posed by BREXIT and the advent of negative interest rates and threat of bail-ins, will Ryanair follow the lead of the world’s largest insurer, Munich Re and diversify some of their cash reserves into gold?”
Ryanair CEO O’Leary said that he would leave that to greater minds than his – referring to his treasury executives.