Why Central Banks Buy So Much Gold

May.30 -- Thomas Kaplan, The Electrum Group Chairman, talks about why central banks buy so much gold. He appears on the latest episode of "The David Rubenstein Show: Peer-to-Peer Conversations."

[leatherneck]

Gold is money. Everything else is credit.
~ J P Morgan

[bjk]

Currencies are not real money.
GOLD is real money

[garretttjordan]

“Paper is poverty, ... it is only the ghost of money, and not money itself.” — Thomas Jefferson

[embg]

Dude's haircut on the right made me think this was a 80's video...

[MolotovWithLux]

"Gold" has always been historically the best and most securely field Insurances

[dennisjanda]

Gold is not dependent on how stable a government is basically !!

[lionelbellec]

"Gold is a currency like another, like yen, etc..." OK, dude: keep the paper, I take the gold...

[yashthakare]

"Most Central Bankers want to weaken the currency"

Respeck man

[codypolar]

Is this a 2019 interview? Looks like the 80's and sounds like the 80's

[kloner]

"Gold is just another currency". That's why you find it in the Commodities section ;-) Governments and Bankers want you to think that it's jewelry.

[jcs]

Gold is not "just another currency, like the Yen or Dollar..." It's a store of wealth & has industrial uses.Unlike those fiat currencies, it has maintained it's value over the centuries & you can't simply print up more (allowing it to be debased like fiat currency).

[GoCanucks]

In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1, 780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.

[tonycodolo]

The price of gold does not go up or down in reality, it is more that the (in present day) the $ has either gotten stronger or weaker. That is the beauty of gold, it maintains its value in any fiat based market.

[AAAAAA-lxcl]

INFLATION!!! When the value of a dollar goes down, the value of gold goes up. Gold is a currency that is immune from inflation devaluing it.

[creounity]

Right now, once the active phase of the recession has started in the U.S., gold is a really decent way out. It's the physical asset at the comfort of your house which you really own and which won't get extinct when banks collapse.

[alexp.]

Do I need to state the obvious, gold has an inverse relationship to the dollar. Buying GOLD means betting against the dollar; for the love of god just say it. These guys are just jumping around the obvious.

[johnmetzger]

Gold is worth something where money is fancy toilet paper.

[omarfarique]

Let's put it this way the central bank is printing papers (Currency) and selling it to you as "Real Money" to buy the actual money (Gold). Which is such a genus move selling printed paper for Gold.

William Shatner got into a time machine in 1978 and traveled to May 30, 2019.

[akkahk]

That is simple. One word: De-dollarization i happening all over the world