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you are here:
> Article 93
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VI. Assets, Currencies and Liability Redemptions
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| 6.1 Assets | ||
| Article 93- Gold and other Asset Reserves | ||
| 93.1 | Gold and other Asset Reservess | |
| The Bank may acquire holdings of other lesser Assets such as Gold, precious objects, property and holdings to be managed by the Treasury. | ||
| However, as a general long term goal the Bank should discourage members and associated Banks from utilizing commodities such as gold as an underwriting asset on account of its vulnerability to deliberate market manipulation and lack of transparency of true reserves held by different parties. | ||
| All gold held as currency must be surrendered with all other currencies to the Bank and lesser Banks of the Ucadian Societies before the Day of Redemption or be rendered worthless as currency or assets underwriting currency. | ||
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