German central bank: Gold Is the bedrock of stability for the international monetary system
“It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now. Instead of discouraging people from buying gold, or convincing them that gold is an irrelevant asset, many of these central banks are increasingly honest about the true properties of this monetary metal. Stating that gold is the ultimate store of value, that it preserves its purchasing power through time and is a global means of payment.”
USAGOLD note: It is good to see Jan Nieuwenhuijs researching and writing again after a long absence. We have always appreciated his thorough approach to gold market analysis and reproduced several of his articles in our newsletter and at the USAGOLD website. In this article, he explores the renaissance in central bank thinking with respect to gold.
Image courtesy of BullionStar
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