Shock! IMF writes a 37-page research paper: “Gold as International Reserves: A Barbarous Relic No More?”
by Quant2011 https://www.imf.org/en/Publications/WP/Issues/2023/01/27/Gold-as-International-Reserves-A-Barbarous-Relic-No-More-528089?s=08 In contrast to the diversification of foreign currency reserves, which has been undertaken by advanced and developing country central banks alike, active diversifiers into gold are exclusively emerging markets. We document two sets of factors contributing …