**Who would benefit most from a gold‑backed reserve currenc…

**Who would benefit most from a gold‑backed reserve currency (and what “gold‑backed” means)**
There’s a spectrum:
- A) Fully redeemable, audited official‑sector unit (convertible into allocated gold for central banks).
- B) Gold‑anchored settlement unit (value referenced to gold, limited or no redemption; used mainly for cross‑border netting among participants).