r/explainlikeimfive • u/Comfortable-Jump-218 • 7h ago
Economics ELI5: Why do countries store gold in other countries?
I’m really just trying to understand the importance of this https://www.newsweek.com/list-of-countries-that-have-pulled-gold-from-us-federal-reserve-12398243
Why do countries store and transfer gold?
Why are they moving it out of the US?