Why the Government’s Gold Reserve Is a Bad Thing

Does the US government need a gold reserve? No, it doesn’t. The government’s gold is basically an emergency slush fund for elites to use to preserve their political power.

Citation: “What share for gold? On the interaction of gold and foreign exchange reserve returns” by Omar Zulaica, BIS Working Papers, No. 906: https://bis.org/publ/work906.pdf

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