Peter Zöllner, Head of Banking Department of the BIS, at the Global Precious Metals Conference 2022, Lisbon about what GOLD is…… they love GOLD! But want everyone else use DEBT as an asset!
by Quant2011 https://www.bis.org/speeches/sp171022.htm and they say it openly: Gold is durable and largely imperishable, and nobody’s liability if you hold it physically in your vaults, which frees it from default or counterparty risk. Unlike currencies and debt instruments – which …