Message:

<p>[QUOTE=&quot;Texas John, post: 1144996, member: 25813&quot;]There isn&#039;t any good reason for the US to hold tons of gold in Fort Knox. It&#039;s insufficient to use as backing for the currency. Even at today&#039;s high value, it&#039;s worth about $200 billion. The sensible thing to do would be to sell it, and use the proceeds for something worthwhile, like shoring up Social Security.</p><p><br /></p><p>Of course, that won&#039;t happen for a variety of reasons. It would infuriate people with an interest in high gold prices. It would infuriate the guys with gun-nut sideburns and big belt buckles, who will see it as a TrilateralIlluminatiFreemasonSorosCommie plot. It would have disproportionate negative psychological effects on normal people in general, to whom it will be portrayed as the prelude to the final bankruptcy of the government (selling our seed corn, etc.).</p><p><br /></p><p>Just as there&#039;s no good reason for the government to be clinging to a mountain of useless yellow metal, there&#039;s no good reason for it to try to acquire more, by means fair or foul.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in