Is gold a global currency?

Gold has retained its role as a monetary asset.  Central banks around the world still hold around 12 per cent of their reserves in gold, and even private individuals can and do use gold to settle payments.  However, gold is not “issued” by any particular government and is not beholden to any political regime.  In this sense, it is a truly global, international currency, free of political or national association and liability.

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