Just enough to issue at the margins until the dollar has parity? Parity how, at $20/ounce? It would have to be $2,000/ounce. I don’t understand what you mean by “margins.”
“It would have to be $2,000/ounce. I don’t understand what you mean by “margins.””
Actually, it would be much higher than $2,000, but it is what it is.
Criminey! You don’t understand “margins”?
"At the margin" is a standard economics term. What he's trying to say is, let the price of gold find its natural level and fix the dollar there. It might be $2,000/oz; it might be $5,000. Only the market knows for sure: I've found out the hard way.
With regard to your comment about "not enough gold," you seem a little behind the times. Have you heard of digital gold? It's made gold fungible down to thousandths of a gram.
This outfit's the best-known vendor of digital gold.