[Capt. Tom]

2.) There are dozens of countries around the world working at undermining the dollar as the era of petro dollars winds down. Increasing gold reserves will help to harden the dollar.

We are not on a gold standard.
How would this having more gold help out?-Tom

[ckilmer]

2.) There are dozens of countries around the world working at undermining the dollar as the era of petro dollars winds down. Increasing gold reserves will help to harden the dollar.

We are not on a gold standard.
How would this having more gold help out?-Tom
.............
The germans and the Dutch are removing their gold from deposit in the USA; their removals will continue for the next five years or so. This means they have lost confidence in the USA as a place to store their treasure.

This looks bad. In this world appearances are meaningful.

Buying more gold for reserve purposes just makes the USA look good. That’s all. It would also tend to push the value of the dollar up.