Tag Archives: Gold

It's not often I disagree with David Glasner. Or, for that matter, with Ralph Hawtrey. But I fear I have to take issue with both of them over competitive devaluation. "Bring it on", says David. No, please don't. It's a terrible idea.Hawtrey's pictorial explanation of why competitive devaluation is a good idea seems both charming and plausible: This competitive depreciation is an entirely imaginary danger. The benefit that a country derives from the depreciation of its currency is in the...

This IMF data on the SNB website shows SNB Forex and gold reserves in the last month. It is so-called "IMF Special Data Dissemination Standard (SNB Data)"