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gold reserve

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financial concept

~3 min read

Encyclopedic overview

Official U.S. gold reserve since 1900 Changes in central bank gold reserves by country 1993–2014 Central 2005 and 2014

A gold reserve is the gold held by a national central bank, mostly in a country, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency.

Excerpted from Wikipedia’s “gold reserve” article, available under the CC BY-SA 4.0 licence.