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comment by wasoxygen
wasoxygen  ·  3185 days ago  ·  link  ·    ·  parent  ·  post: Canada winds down its gold holdings

    “These days, gold has no legal purpose that is required under monetary policy,” said Ian Lee, a professor at the Sprott School of Business at Carleton University in Ottawa.

I am still curious to know whether central banks back currency with non-money assets, as the Bank of England implied.





wasoxygen  ·  3185 days ago  ·  link  ·  

Reading the fine print on that chart, it says the non-money assets are mostly government debt. That's strange, because the whole point of that publication was that money is debt.