Dutch Central Bank Sale Announcement Imminent? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Enigma who wrote (6459)	6/16/1999 11:35:00 AM
From: Hawkmoon	Read Replies (1) of 81996

Ron - gold is held by the US as a reserve asset - end of discussion Then why isn't the Fed selling and buying gold like they do Yen, Euros (not marks)... etc. A reserve asset is to be used to maintain equilibrium in currency markets, not take up storage. The very term "reserve" implies that it is something held back and accumulated in anticipation of its future use. US gold is not being "used" except as a mechanism of leasing. It certainly is not being delivered according to it original intent, that of being the backing of a demand-note, convertible into gold. Thus, its "reserve" status is made moot, and thus questionable. It just sits there taking up space at taxpayer expense. Regards, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next