2min 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 Central Banks Owning Gold

The World Gold Council estimates that there is about 209,000 tons of gold in the world. Central banks hold about 15% of the total amount of gold outstanding. The thing about gold is it just never goes away. It can't really be destroyed, at least not very easily.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode