USA/Gold25 Oct 2024 14:57
I was puzzled for a while, with the exception of US and UK, almost every central-bank in the world was/has been/is, buying gold; why where they not? - Not sure about UK, but as far as the FED is concerned, they don't really have to. - They say that gold can't be printed, but in America it can be. - A few key-strokes , appropriate to needs, and they can print as many dollars as they like, any time that they like, to use them to purchase as much gold as they like. - Voila -
That's how they can print it. - Others of course can print money into existence, but. for them, there will be consequences. - Not so much so for the US dollar though. - For now anyway. - Although they have gotten away with it for at least fifty-years so far. - I must say, I'm still puzzled as to the UK's position/strategy.