Gold: Doves in the ascendant

Gold: Doves in the ascendant

Published on 14 August 2019

‘Even today, the importance of gold in the international monetary system is reflected in the fact that it is today the only commodity held as reserve by the monetary authorities, and it constitutes the largest component after dollars in the total reserves of the international monetary system.’
Robert A Mundell, Nobel Laureate for Economics, 1999.

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