Re:Bitcoin study: Period of exclusivity encourages early ado...
by AndrewBissell on Thursday July 13, 2017 @08:42PM
(#14766588)
The midst of a currency panic will be the exact point when the government is least interested in parting with its gold. Assuming it's even really still there.
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Re:Bitcoin study: Period of exclusivity encourages early ado...
by rtpg on Thursday July 13, 2017 @11:20PM
(#14767178)
what use is the gold if the US economy collapses? Whose gold would it be if the gov't falls over?
It kind of works if you have a place to run off too, but nobody in the federal government can just go take the gold and hide for a bit. The incentives are aligned so that the gov't does "the right thing" (stem the fall)