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Why Do Central Banks and Governments Own Gold?

Simple. They understand paper currencies including stocks, bonds etc. are just that, paper liabilities backed only by the good word of their issuer. Is it wise to invest 100% of our wealth in investment vehicles that are backed by nothing but good faith? Global economic systems are collapsing under the weight of monetizing debt and physical gold gives us the assurance that we cannot be wiped out. We don't hesitate to purchase life or homeowners insurance. Gold should be viewed no differently, gold is insurance. Learn more »