A gold reserve is the gold held by a national central bank, mostly in a country, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency.
A gold reserve is the gold held by a national central bank, mostly in a country, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency.
Source: Wikipedia "Gold reserve" · CC BY-SA 4.0
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