Is this a good thing to do or a bad thing to do?
So I looked up Fort Knox, which holds 147 million ounces of gold, and then I found out that probably the rarest coin in the world is held there.
The 1974 aluminum cent.
And me being really stoned right now, forgot the question.
But they have a little less than 60% of the total US gold reserves.
Do you want the government to give you some gold?
I mean, if you just happen to get your hands on it, feel free to keep me in mind.
Strategic reserves are strategic. If your strategy is to crash the price of gold for a short period of time, then sure. It’s hard to see how society benefits from that though.
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The leading party for the last 20 years in my country would say that printing money didn’t bring on inflation. It’s funny how such a simple example beats their economy planning
Enjoy your 300 bucks of gold I guess…
Doesn’t really sound like a lot these days.
Depends what your goals are.
If you want to make sure every person has access to a little bit of gold? Yeah go for it
If you want to make everyone a little bit richer? No it won’t change anything, you’ve just raised all boats by the same amount. There’s no relative difference, it won’t have any impact on the economy
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Sure you’d see a general increase in net worth, but it would be exactly matched by the inflation of raising everybody’s net worth by the same amount.
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Replace us govt with Elon and yes, absolutely.
Replace us govt with Elon
Conservative erotica.
Besides what people already pointed out about individual’s wealth, I also want to mention the US has a lot of debt with other countries and institutions. Those would get very upset if it looks like the government can no longer pay those debts.
my first thought with this plan is the exact same thought I have when one of those “buy gold” commercials comes on and the old person be like “it’s tangible, I can hold it in my hand, it’s not sitting in a bank.” That only helps the person breaking into your house. So if you gave EVERYONE a little bit of gold, people would know others have this gold, and if the wrong person finds that out they’re gonna break into houses getting that gold.
