RE: Egypt holding more Gold9 Jul 2024 10:35
There is always a risk of nationalisation anywhere.
However, as CEY market Cap is approx £1.5bn, and there international investment is around £10bn per annum, it's highly, highly unlikely as this would create an huge amount of noise, and threaten current and future investments- and especially as over the past few years, the investment sought in this sector alone is very high, and likely to continue.
So, on my risk radar, it's way way way down the bottom end, and no longer warrants the constant air time here. Of course, if there is a material change, backup up by tangible documentation, then would warrant discussion.