Gold Reserves
Definition
The amount of gold held by a national central bank or federal government intended as store value or used as backing for currency.
Related terms
Fiat Money: Currency that a government has declared to be legal tender, but it is not backed by a physical commodity like gold.
Gold Standard: A monetary system where a country's currency or paper money has a value directly linked to gold.
Federal Reserve System: The central banking system of the United States, which regulates the nation's monetary policy and holds its gold reserves.
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