The gold reserve represents the actual gold held by the central bank of a country or by a major financial organization. The gold is the main form of storing value being also a guarantee that the holder can redeem financial promises. The gold reserve held by central banks is also used to secure the national currency, the higher gold reserve making the currency more stable.
Since the ancient times this shiny yellow metal was considered very valuable and had been used for different purposes. Gold kept its value over time and is still important in the economic and financial areas. (more…)