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The midst of a currency panic will be the exact point when the government is least interested in parting with its gold. Assuming it's even really still there.
by AndrewBissell 9y ago
The midst of a currency panic will be the exact point when the government is least interested in parting with its gold. Assuming it's even really still there.
- rtpg 9y agowhat use is the gold if the US economy collapses? Whose gold would it be if the gov't falls over? It kind of works if you have a place to run off too, but nobody in the federal government can just go take the gold and hide for a bit. The incentives are aligned so that the gov't does "the right thing" (stem the fall)