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  • Vanity: Why not sell the US oil reserve and use the proceeds to buy gold for Ft Knox.

    11/29/2014 2:43:52 PM PST · by ckilmer · 96 replies
    11/29/2014 | Charles Kilmer
    An interesting way to harden the US dollar and make it less of a fiat currency would be to sell the US oil reserve and use the proceeds to buy gold to store in Ft Knox or elsewhere. For those who know their dollar and oil reserve history--this is 180 reversal of policies set in the 1970's because of a 180 reversal of circumstances. In the 1970's US oil production peaked and went into decline while the US dollar went off the gold standard and went into decline. What's different now? 1.)Fracking has shown that the USA now has 100...