why does gold have so much value now that it’s not propping any currencies?
In: Economics
Mostly because central banks the world over are financially ultra-conservative and motivated by keeping things stable more than anything else.
If I had any gold, I would sell it because it’s useless to own and a bad investment. Central banks don’t sell, they sit on their gold because that’s what they have always done, and they are not sure if letting gold prices collapse might cause some other issues.
Latest Answers