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TIP638: Gold w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
The Impact of Reserving Practices on Wealth Distribution
Reserving practices vary among countries, and the accumulation of reserves can impact wealth distribution. When a country accumulates reserves, it aims to prevent its currency from strengthening, which can hinder wage earners and savers. This strategy is often associated with a mercantilist policy that aims to maintain competitiveness by keeping wages low. As reserves accumulate, capital tends to concentrate among policymakers rather than benefiting the broader population. China is highlighted as the largest central bank purchaser of gold by the World Gold Council.
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