Financial Decolonization Starts with Gold, Economist on Rethinking Global Reserves
21:42 24.10.2025 (Updated: 21:50 24.10.2025)
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Financial Decolonization Starts with Gold, Economist on Rethinking Global Reserves
"In many African and Global South countries, holding gold means having zero risk and verified liquidity, uncorrelated to shocks outside Africa. But equally, it is symbolic; we are no longer dependent on whatever decisions America makes".
As global trust in Western financial systems falters, central banks, especially across the Global South, are turning back to gold. From Ghana’s new refinery to Zimbabwe’s gold-backed currency, Africa is beginning to reclaim control over its wealth and reserves.
#GlobalSouthPole sits down with Dr. Marvellous Ngundu, Senior Research Consultant at the Institute for Security Studies, Pretoria, South Africa, to unpack what this global shift means for Africa’s economic autonomy and the unfinished business of financial decolonization.
Discover why gold is more than metal, it’s becoming a statement of independence.
Listen to the full conversation on:
Telegram’s built-in player
Our website
Apple Podcasts and all your favorite streaming platforms
Subscribe to @sputnik_africa
Sputnik Africa | X
"In many African and Global South countries, holding gold means having zero risk and verified liquidity, uncorrelated to shocks outside Africa. But equally, it is symbolic; we are no longer dependent on whatever decisions America makes".
As global trust in Western financial systems falters, central banks, especially across the Global South, are turning back to gold. From Ghana’s new refinery to Zimbabwe’s gold-backed currency, Africa is beginning to reclaim control over its wealth and reserves.
#GlobalSouthPole sits down with Dr. Marvellous Ngundu, Senior Research Consultant at the Institute for Security Studies, Pretoria, South Africa, to unpack what this global shift means for Africa’s economic autonomy and the unfinished business of financial decolonization.
Discover why gold is more than metal, it’s becoming a statement of independence.
Listen to the full conversation on:
Telegram’s built-in player
Our website
Apple Podcasts and all your favorite streaming platforms
Subscribe to @sputnik_africa
Sputnik Africa | X
