Expert Views
Expert Opinions on Gold Reserve Management in Practice
Read further publications on the role of gold in gold reserves and public funds from leading experts.
"Significant increases in inflation will ultimately increase the price of gold. Investment in gold now is insurance."
Dr Alan Greenspan
Chairman of the Federal Reserve, 1987 to 2006
Gold: the ultimate insurance policy
Dr Alan Greenspan was Chairman of the Federal Reserve from 1987 to 2006 and has been a key adviser to government agencies, banks and financial institutions ever since. He reveals his deep concerns about economic prospects in the developed world and assesses the long-term value of gold.
“As gold has no credit risk, it is one of the safest assets a nation can hold. It is also one of the most liquid assets available so it plays an incredibly useful part in a central bank portfolio.”
Erkan Kilimci
Former Deputy Governor at the Central Bank of the Republic of Turkey
Maximising gold’s monetary value
Gold is widely recognised as a national store of wealth. But it can make a much wider economic and social contribution, as Erkan Kilimci, Deputy Governor at the Central Bank of the Republic of Turkey, explains.
"I am very struck by the fact that over many many years, central banks, governments and individuals have always, despite the protestations of economists, held some gold in their portfolio."
Mervyn King
Governor of the Bank of England, 2003 to 2013
Misguided Policies and Economic Risk
In this edition, Mervyn King, Governor of the Bank of England from 2003 to 2013, discusses global economic prospects, the limits of monetary policy and the role of gold in a world dominated by ‘radical uncertainty.’
