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- Four more oil discoveries in Guyana likely to go “above and beyond what we thought were opportunities” – Exxon CEO
- Disgraceful for VP Jagdeo, Min. Bharrat to allow citizens to rely on Exxon for updates on recovery of all investments – Christopher Ram
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Our Gold, Guyana, and our Future
Dear Editor,
Gold reserves are physical gold held by national central banks to act as a financial safety net, supporting national currency value and providing a buffer against economic instability. (Google.com)
Now, with all the news gold is making and with the historical record-breaking performance of breaking the US$4000 barrier for the first time in history, it leaves a lot to wonder, and yes, also to be excited about.
However, I would like for us to think of the long term and what happens when these prices fall, or when we in ‘hard times’, etc.
So, growing up I have seen many movies, read about and listened to the news about America and its gold reserve. I also learnt in school that gold is one of Guyana’s main resources and earner of foreign currency, and is of high quality.
As a concerned citizen, I would really appreciate if someone with the relevant authority would respond to this question, since I am sure that I may not be the only person with such a question.
So here is my question; ‘Why doesn’t Guyana have a gold reserve with all the gold we produce?’
With regards,
Seth Sampson
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