Somewhat off topic but we know dozens of other central banks are buying gold hand over fist and/or repatriated from the NY Fed or Bank of England. I don’t hear of any central bank stockpiling bitcoin.
Seems that we should be accumulating bullion as well, for a number of reasons, but I don’t see any indication that we are or plan to.
Does anyone know if we are and if not why not?
I believe that FDR spent about $14 billion in 1930s dollars buying gold.