Is this a good thing to do or a bad thing to do?

  • gedaliyah@lemmy.world
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    2 months ago

    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.

  • Battle Masker@lemmy.world
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    2 months ago

    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.

  • Robin@lemmy.world
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    2 months ago

    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.