Great post, but misses the point, that by ..not..selling the gold and paying down debt, the cost of holding it is the accumulated interest that is paid , which is excatly the reason savers dont buy gold, despite the obvious fact that gold has gone up 8-9% a year on average since 1971.
The only reason the Federal Reserve maintains the gold hoard, because they know that sometime in the future the USD will again be backed by gold.
Great post, but misses the point, that by ..not..selling the gold and paying down debt, the cost of holding it is the accumulated interest that is paid , which is excatly the reason savers dont buy gold, despite the obvious fact that gold has gone up 8-9% a year on average since 1971.
" tax free, as a coin collection..)).