Empirical comparison of Asia & Pacific gold reserves with European economic community gold reserves as of 2025
DOI:
https://doi.org/10.65453/ajbmr.v15i2.1415Keywords:
National Currencies, Gold Reserves, Mined Gold, Global Gold Market, Gold Standard.Abstract
Unfolding events in the wake of the 21st Century has shown that the Asia & Pacific region has been emerging as a force to be reckoned with in the global gold market and specifically in strategic gold reserves. This is in spite of the dominance of the European Economic Community (EEC) and the West in the world gold trade and gold reserves for so many centuries. This makes the national currency of the EEC - the Euro (€), to also dominate the world monetary system. In fact, the Asia & Pacific region is poised to offer the world an alternative global economic leadership generally and more particularly in global gold reserves. The study is a qualitative one where document studies method was adopted and utilized in generating data from secondary sources. Such documents include academic journals, bulletins, textbooks, scholarly papers, and internet materials. The data generated was analyzed through critical discourse method. Though the Asia & Pacific region is putting up a strong performance in the area of gold reserves, the EEC is still ahead of it. With this underperformance, the Asia & Pacific region has to embark on intensive gold mining and more aggressive gold buying to boost its gold reserves. The underperformance of the Asia & Pacific region in terms gold reserves compared with that of the EEC forms the motivation for this study.
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