http://goldinflorence.com Gold Discussion Board Tue, 27 Jul 2010 08:48:11 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 http://goldinflorence.com/694/why-dosent-the-us-sell-part-of-its-gold-reserves-to-raise-the-value-of-the-dollar/ http://goldinflorence.com/694/why-dosent-the-us-sell-part-of-its-gold-reserves-to-raise-the-value-of-the-dollar/#comments Tue, 09 Mar 2010 16:42:00 +0000 http://goldinflorence.com/?p=694
The price of gold is at an all time high, while the value of the dollar is plummeting, causing horrible repercussions for the US economy. From estimates I’ve heard the US gold reserve has at least $150 billion in gold. Why doesn’t it put part of that (say $50 billion) on the market to simultaneously lower gold prices and raise the value of the dollar? I’m certainly not an economist and just wondering out loud, but it seems to make sense.

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