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A comment on The Diamond World Takes Radical Steps to Stop a Pricing Plunge. Parent comment

Re:The Diamond World Takes Radical Steps to Stop a Pricing P... by twelve40 on Sunday November 12, 2023 @10:44PM (#38246636)
Currently the US government holds 8,134 metric tons of gold in reserves. You can call it "hording" (whatever that means) but clearly someone thinks it's worth keeping half a trillion dollars worth of the country's money in it.
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Re:The Diamond World Takes Radical Steps to Stop a Pricing P... by skellington on Sunday November 12, 2023 @11:12PM (#38246802)
Sure...maybe...if you believe that gold is actually there and who knows if it is.

But either way, 1/2 a trillion is just 1/8th of the yearly federal budget. Not sure it is an amount that matters much to the government.

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Re:The Diamond World Takes Radical Steps to Stop a Pricing P... by twelve40 on Monday November 13, 2023 @06:00AM (#38248951)
of course, pocket change, probably driven by lunatic sentiments from the centuries past.
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Re:The Diamond World Takes Radical Steps to Stop a Pricing P... by selcuka on Sunday November 12, 2023 @11:11PM (#38246791)
> You can call it "hording" (whatever that means)

Isn't it "hoarding" (acquiring an excessive number of items and storing them in a chaotic manner)?

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Re:The Diamond World Takes Radical Steps to Stop a Pricing P... by twelve40 on Monday November 13, 2023 @06:00AM (#38248949)
i would imagine the most powerful democracy in the world would have a better approach to structuring the reserves than "storing them in a chaotic manner"?
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