Category 14. Gold as a Reserve Asset: Central Banks & Gold Reserves

Okay, so here’s something that might surprise you—gold didn’t retire when the gold standard ended. You’d think that once paper money wasn’t backed by it anymore, gold would just fade into the background. But nope. Gold acts as a hedge—a…

After gold was dethroned in 1971, many thought its role in the global economy had come to a quiet end. With paper money now untethered from metal, and fiat currencies taking center stage, it seemed the age of gold was…