/biz/ - Business & Finance

Interesting Quote From Chairman of Riksbanken (Swedish central bank) Anonymous Fri May 4 14:39:46 2018 No.9251721 [View]
File: 48 KB, 640x360, Ingves och guldet.jpg [View same] [iqdb] [saucenao] [google]

For the first time ever, the 350-year-old Riksbank now shows up some of the Swedish gold reserves.

Having parts of its foreign currency reserves in pure gold has its advantages, says Governor Stefan Ingves.

"GOLD IS THE ONLY CURRENCY WE HAVE THAT IS NOT SOMEONE ELSE'S DEBT" he says
(own emphasis added)

Have /biz/ ever looked at gold in this way before? In other words that (1) gold is a currency and (2) it is the only currency we have that isn't someone else's debt?

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