Buy Gold As “Extremely Low-Risk Asset” – Rogoff Advises Creditor Nations

by Mark O’Byrne

Buy gold as it is an “extremely low-risk asset” is the advice of Professor Kenneth Rogoff to emerging market, creditor nation central banks including the People’s Bank of China (PBOC).

Rogoff believes that there is a good case to be made that emerging market central banks, such as the People’s Bank of China who have over $3.3 trillion in foreign exchange reserves, accumulate gold as this would “help the international financial system function more smoothly and benefit everyone”.

[…] Writing in Project Syndicate Rogoff notes that:

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