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How Gold Is Being Used by Struggling Countries | The Mesh Report

How Gold Is Being Used by Struggling Countries

Mike Hammer November 27, 2019 Comments Off on How Gold Is Being Used by Struggling Countries

Some call gold archaic and outmoded, however, the world’s central banking system sees it otherwise.

The world’s central banks use gold in roles ranging from a guarantee to a “fractional”, to full payment of a debt.

Fractionals are when a bank demands just a “fraction” of the total amount now and the rest later, the transaction commencing when the fraction is delivered – similar to how a home mortgage works in the US.

Yet many of these transactions are not discussed publicly, even when they involve rather huge amounts.

Continue Reading At The Gold Enthusiast



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