The article is devoted to the role of gold in modern monetary systems. The importance of the role of gold has never been questioned and, although gold has not been money for a long time, and the process of demonetization of gold is officially considered completed back in 1976, it cannot be argued that gold continues to perform monetary functions and is an integral part of the modern financial system. In this paper, the functions of gold in modern monetary systems are investigated. The role of gold in the modern economy as an investment resource is considered, including ways of investing in gold, their advantages and risks, and the gold reserves of central banks as a catalyst for economic development are also studied. The conclusions of the work confirm that gold is the most important investment tool in times of instability for both private investors and states.
Galina Rybalko (Mon,) studied this question.