Why do countries need gold reserves?

🏆 Gold is not only a symbol of wealth and luxury, but also an important financial tool. Moreover, this applies not only to individuals, but also to entire states. It is no coincidence that the central banks of most countries in the world have their own gold reserves.

The advantages of gold as an asset are obvious: it constantly increases in price, being an excellent means of protection of savings. And in terms of liquidity it ranks second after, in fact, money itself. In other words, the precious metal can always be sold and anywhere in the world by exchanging it for the currency of any country or other assets.
That is why the demand for gold as a guarantee of financial security continues to remain consistently high.

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