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Gold is traditionally the currency of international exchange, where you can't use any one country's currency. One can imagine a crisis that reverts internationa
by f33d5173 2y ago
Gold is traditionally the currency of international exchange, where you can't use any one country's currency. One can imagine a crisis that reverts international markets to using gold like this, at which pointing having a reserve would be useful.
- nradov 2y agoHelp us out here, what sort of crisis can we imagine where the federal government needs something from another country which can only be purchased with gold bullion? My imagination is failing me.
- text0404 2y agothe US somehow tanks its own economy say based on the whims of a president who wants to allow the ultra-rich who enabled his ascendancy to buy everything for pennies on the dollar, leading to the collapse of the US dollar. a major terrorist attack or climate event cripples US infrastructure but because an unelected member of said ultra-rich class has destroyed major functions of government, there is no ability to respond, and none of our former allies is willing to extend goodwill to the US because we've completely destroyed our reputation on the world stage. thankfully, something like that could never happen.