Gold: anchor of trust

Shares, bonds and other securities are not without risk, and prices can go down. But a bar of gold retains its value, even in times of crisis. That is why central banks, including DNB, have traditionally held considerable amounts of gold. Gold is the perfect piggy bank – it’s the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security.

https://www.dnb.nl/en/payments/goud/index.jsp#:~:text=Gold%3A%20anchor%20of%20trust&text=But%20a%20bar%20of%20gold,even%20in%20times%20of%20crisis.&text=Gold%20is%20the%20perfect%20piggy,trust%20for%20the%20financial%20system.

I didn’t think I would live long enough to see ANY Central Bank publicly praise GOLD.

The Federal Reserve must be some ticked off that the Dutch would share the truth so openly with the general public!