Why Central Banks Buy So Much Gold

The video discusses the recent trend of central banks, especially in Eastern countries, buying gold. This is due to concerns about the US dollar's stability and the desire for a tangible, non-liability asset. Gold is seen as a stable currency that cannot be printed, unlike paper money, which has historically been devalued. The video also highlights Ray Dalio's view that gold should be considered a currency like any other, emphasizing its historical and market significance.

What reasons do people have for feeling more comfortable buying gold compared to paper currency?

According to Ray Dalio, how should gold be viewed in relation to other currencies?