The difference is that the market controls the price of gold, whereas the Treasury's actions directly control the value of T-bonds and the like. Yes, it's poss

The difference is that the market controls the price of gold, whereas the Treasury's actions directly control the value of T-bonds and the like. Yes, it's possible to impact the price of gold to an extent, but there's no way anyone can argue the degree of control is even comparable. It just baffles me that you can justify Treasury securities by saying you can artificially control the price of gold.