gold is money Archives

If gold isn’t money, why do Central Banks hold so much of it?

bank of England, the British central bank.

Investors hear the same narrative time and time again: Gold isn’t money. We’re told that in today’s global, digital marketplace, gold no longer has a place or a role to play. This narrative sounds reasonable. After all, we live in an age where we do our banking online and can even pay for our groceries …

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Got 111.5 tons of gold? If you have, the European Parliament will take it.

If you have ever wondered how close world governments are to recognizing gold as money, look no further than Europe. In a May 25 press release, the European Parliament stated: “The Economic and Monetary Affairs Committee of the European Parliament has approved gold to be used as collateral confirming its status as a high-quality …

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