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Rodrigo de Azevedo
edit approved May 3, 2020 at 14:46
Rodrigo de Azevedo
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FooBar
FooBar
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Why does the USany treasury / central bank hold gold?

...or any treasury for that matter?

I know the US treasury is slowly selling its gold reserves, but what is the actual mission and purpose when it comes to the holdings?

What is the reasoning behind the slow rate of liquidation? I have even heard "tradition" and "propping up confidence" as reasons. Tradition doesn't feel like more than an excuse. Confidence or creditworthiness should stem from the expected performance of the US economy and tax collected on that activity, since treasury securities are not backed by gold.

Why does the US treasury hold gold?

...or any treasury for that matter?

I know the treasury is slowly selling its gold reserves, but what is the actual mission and purpose when it comes to the holdings?

What is the reasoning behind the slow rate of liquidation? I have even heard "tradition" and "propping up confidence" as reasons. Tradition doesn't feel like more than an excuse. Confidence or creditworthiness should stem from the expected performance of the US economy and tax collected on that activity, since treasury securities are not backed by gold.

Why does any treasury / central bank hold gold?

I know the US treasury is slowly selling its gold reserves, but what is the actual mission and purpose when it comes to the holdings?

What is the reasoning behind the slow rate of liquidation? I have even heard "tradition" and "propping up confidence" as reasons. Tradition doesn't feel like more than an excuse. Confidence or creditworthiness should stem from the expected performance of the US economy and tax collected on that activity, since treasury securities are not backed by gold.

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Vasiliy Sharapov
Vasiliy Sharapov
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Why does the US treasury hold gold?

...or any treasury for that matter?

I know the treasury is slowly selling its gold reserves, but what is the actual mission and purpose when it comes to the holdings?

What is the reasoning behind the slow rate of liquidation? I have even heard "tradition" and "propping up confidence" as reasons. Tradition doesn't feel like more than an excuse. Confidence or creditworthiness should stem from the expected performance of the US economy and tax collected on that activity, since treasury securities are not backed by gold.