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Central Banks Turn to Gold as Losses Mount

Audio Mises Wire

Tags Central BanksGlobal EconomyMonetary Policy

02/04/2023Daniel Lacalle
Narrator: 
Millian Quinteros

The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so.

Original Article: "Central Banks Turn to Gold as Losses Mount"

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Author:

Daniel Lacalle

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).

He is a professor of global economy at IE Business School in Madrid.

Creative Commons Licence
 
Original Article: 
Central Banks Turn to Gold as Losses Mount
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