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rainsonme
Penny Pincher Member
USA
183 Posts |
Posted - 02/23/2010 : 23:49:56
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| I am pretty naive, but what difference does it make? If the US sold all its gold, it would not impact the current debt levels significantly. The gold isn't tied to the fiat currency, and with all the paper that has been printed since 1971, it could never be tied back to this fiat currency. No one in government (other than Rep Paul) has any intention of ever creating a new currency tied to gold So it is just an odd symbolism. An arcane relic of a distant past. an irrelevant ativism. With debt expanding in the trillions, what difference does it make if there is one more or one less ton of gold in the vault? Gordon Brown sold most of England's remaining gold for about $250 an ounce a decade ago. Didn't help or hurt them. I am very bullish on silver and gold as an investment, but I don't think the US government cache is in play ---- I would prefer they didn't dump it on the market, but given what I take as the purely symbolic value of it, they wouldn't dare. |
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What's Really in Fort Knox?
Forum Locked
Posted - 02/24/2010 : 09:49:28
