4 ms·
> Why do we have ~$300B USD in gold sitting in reserve at Fort Knox? ¯\_(ツ)_/¯ Of course gold is considered price stable(ish)—though it maybe shouldn't be: *
by throw0101b 2y ago
> Why do we have ~$300B USD in gold sitting in reserve at Fort Knox?
¯\_(ツ)_/¯
Of course gold is considered price stable(ish)—though it maybe shouldn't be:
* https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart https://www.macrotrends.net/1333/historical-gold-prices-100-...
* https://archive.is/https://www.thetimes.com/business-money/money/article/gold-is-not-a-safe-bet-its-a-gamble-holly-mead-column-cht3m6ckh https://archive.is/https://www.thetimes.com/business-money/m...
—but BTC (and most other cryptocurrencies) are even more volatile and even less of a 'store of value'.