Tag Archives: Gold

Gold as a Central Bank Asset

Against the background of an upcoming referendum in Switzerland (on the popular initiative to  ‘Save our Swiss gold’) Willem Buiter discusses the role of gold as a central bank asset in a Citi research note.

One of his conclusions is that “[c]entral bank fiat paper currency and fiat electronic currency are socially superior to gold and Bitcoin as currencies and assets.” Accordingly, central banks should not hold gold in his view.