Ablett, who played over 100 games for Liverpool, will leave the club after taking a young side to compete in the International Cor Groenewegen tournament in Holland at the weekend.

BBC: Liverpool and Ablett part company

Gijsbert Groenewegen, managing partner of Silver Arrow Capital Management, said the news about Germany seeking to protect its banks shows how murky the European debt situation is, which makes investors seek the transparency of hard assets like gold and silver.

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Groenewegen, along with Rachel Benepe of First Eagle Investment management and Juan Carlos Artigas of the gold council, all sharing a panel on gold at the aforementioned conference, made a case for gold as a hedge, not only of inflation, but of risk.

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