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EGC ~ Monthly
I'm not an Ivy League grad with letters after my name, but why doesn't the US government liquidate their gold or lock in the price here? It would be akin to refilling the SPR in the spring of 2020. The US government currently holds a significant amount of gold on its books, which hasn't been marked to market. The price was set at $42.22 decades ago and hasn't been adjusted. It's free money that can be used to pay off some high-interest debt; what else can we do with a building filled with heavy metal that likely incurs a significant security expense? What am I missing?