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<p>[QUOTE=&quot;fatima, post: 1016416, member: 22143&quot;]Indeed.&nbsp; The dollar is the world&#039;s reserve country because the the rest of the world expects the USA to be stable and up front on how the dollar is managed.&nbsp;&nbsp; If the USA is lying about the gold, which is exactly what putting the gold that doesn&#039;t exist on a balance sheet means, then it will shake the trust in the other things the USA says it does and this will crush the $ immediately.&nbsp;&nbsp; This is also presumed to be the largest gold deposit in the world and it&#039;s disappearance would cause enormous difficulties in the world&#039;s finance sector and it would cause disruptions in things such as the oil market.&nbsp;&nbsp; All in all, a big pile of not good.&nbsp; &nbsp; </p><p><br /></p><p>----------------------------------</p><p>This is an opinion not backed by any official policy nor an understanding of the use of gold in the central banking system.&nbsp;&nbsp; If you had already decided that gold is meaningless, then why bother to ask the question?&nbsp;&nbsp; One more time, central banks <u>don&#039;t</u> use the confetti money they produce to settle payments amongst each other.&nbsp; They have to use real assets backed by real collateral and gold is is one of the universal accepted currencies accepted for this purpose.&nbsp;&nbsp; If it was meaningless, then other central banks would not be holding gold, buying gold and using it to settle payments, (as the BIS did last month with a massive transfer of gold).</p><p><br /></p><p>If it didn&#039;t matter, then they should open up Ft. Knox for public tours and charge admission.[/QUOTE]</p><p><br /></p>

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