23 sats \ 9 replies \ @grayruby 10 Oct \ on: Can the Federal Reserve Buy Gold? Should It? econ
Are you suggesting there is no gold in fort knox?
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39 sats \ 2 replies \ @rebel_nomad 12 Oct
Its practical to have a fort when you have hide, well nothing?
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0 sats \ 1 reply \ @Undisciplined OP 12 Oct
On the other hand, if they had the gold that’s supposed to be there, why haven’t any audits been allowed?
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0 sats \ 0 replies \ @rebel_nomad 12 Oct
Mealworms ate it all
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40 sats \ 5 replies \ @Undisciplined OP 10 Oct
I think the more interesting question might be "Whose gold is in Ft. Knox?"
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27 sats \ 0 replies \ @rebel_nomad 12 Oct
This might be what WW3 is for...
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20 sats \ 3 replies \ @grayruby 10 Oct
Good question.
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50 sats \ 2 replies \ @Undisciplined OP 10 Oct
Mark Moss had a video (that I didn't post because I thought the analysis was a bit sketchy,)about the possibility of the US revaluing the gold that we have certificates for.
It's an interesting idea and in his example of revaluing the certificates to $20k per ounce, the US gains $5T in reserves. That would be highly inflationary, but it is on the table as a financial gimmick.
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38 sats \ 1 reply \ @grayruby 10 Oct
I think Jim Rickards has suggested something similar
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0 sats \ 0 replies \ @Undisciplined OP 10 Oct
That might have been where the proposal came from.
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