3min chapter

Money For the Rest of Us cover image

The Long-term Bullish Case for Gold

Money For the Rest of Us

CHAPTER

The Importance of Gold in the Global Economy

With Russia's invasion of Ukraine, there's been financial sanctions on Russia. The gold that the Russian central bank owned couldn't be frozen because Russia had it in their own country. Gold is typically considered a safe haven and has fallen out of favor with central banks. Two-thirds of those that replied thought that their central banking peers would be increasing their gold holdings in 2023.

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