Posts Tagged ‘Organization’

Top ten gold reserves

Top ten gold reserves

Top ten gold reserves

The gold reserve represents the actual gold held by the central bank of a country or by a major financial organization. The gold is the main form of storing value being also a guarantee that the holder can redeem financial promises. The gold reserve held by central banks is also used to secure the national currency, the higher gold reserve making the currency more stable.

Since the ancient times this shiny yellow metal was considered very valuable and had been used for different purposes. Gold kept its value over time and is still important in the economic and financial areas. (more…)

NATO missile defense

NATO missile defense

NATO missile defense

The North Atlantic Treaty signed on 4 April 1949 created the North Atlantic Treaty Organization (NATO) also called the Atlantic Alliance. Currently, the Alliance consists in 28 member states. At first the main purpose of this alliance was strictly political, but after the Korean War, in 1950s, the Atlantic Alliance was organized also as a military structure ready to protect any member state from an external military attack. (more…)