Bu . Bu . Butttt.. Fort Knox is full of Gold!!
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True. But buying gold and pushing the dollar higher gradually over time will force capital from all over the world into the dollar. and American assets.
Typically this would kill exports. But the coming manufacturing revolution will kill exports worldwide as innovations in 3d printing and advanced robotics kill the business model for distributed manufacturing.
all the gold in ft knox is a miniscule fraction of our national debt