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Sovereign Gold Reserves. Geopolitics or economic calculation?

Author

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  • Viorel Mionel
  • Oana Mionel
  • Alexandra Moraru

Abstract

Gold has had a special course; it has influenced history and has triggered enrichment fantasies. Beyond the value given by its scarcity and its physic-chemical properties, gold has many other uses. Yet we tend to imagine it in the form of large ingots. Thinking thus, we associate it with wealth and with the general idea of abundance. Thus, all countries, together with the desire to boost national economies, are trying to diversify the portfolio by creating economic sovereign gold reserves. But, the growing collapse of world economy and the attempt to set a new international order involves a currency war. A kind of war in which precious metals, not only gold will shine. It is true, the shiniest will be the yellow metal, and that is because gold is really the most important geopolitical metal.

Suggested Citation

  • Viorel Mionel & Oana Mionel & Alexandra Moraru, 2015. "Sovereign Gold Reserves. Geopolitics or economic calculation?," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(2), pages 85-90, June.
    • Handle: RePEc:khe:journl:v:7:y:2015:i:2:p:85-90
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    Cited by:

    1. Viorel Mionel & Oana Mionel & Alexandra Moraru, 2017. "The Price Volatility of Precious Metals in Times of Economic and Geopolitical Crisis," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(3), pages 87-91, September.

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