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Today, central banks hold gold as a reserve asset, with the primary purpose of providing financial stability and confidence in their currencies. According to the World Gold Council, as of 2020, global central banks held around 35,197 tonnes of gold, worth approximately $1.8 trillion. The largest holders of gold are...

Gold is seen as a safe-haven asset because it is not subject to the same risks as other investments, such as stocks or bonds. During times of economic uncertainty or market volatility, investors often turn to gold as a hedge against inflation and currency devaluation. In fact, gold prices tend...

The rise of digital currencies, such as Bitcoin and Ethereum, has raised questions about the future role of gold as money. While some argue that digital currencies will replace gold as a store of value, others believe that gold will continue to play an important role in the global economy.

Under the Bretton Woods system, the US dollar was fixed against gold at $35 an ounce, while other currencies were fixed against the dollar. Countries interconnected economies and world trade were pegged to the US dollar. The Bretton Woods system remained in place until 1971 when then-US President Richard Nixon...

The Bretton Woods System was designed to promote post-war global economic growth and stability by setting fixed exchange rates between currencies, with the US dollar as the central currency. Under this system, other currencies were pegged to the US dollar, and the US dollar was backed by gold, with a...