The US have massively diluted their USD by having over US$8 Trillion in gov bonds with more to come. The US Democrats and Republicans are fighting over how much to appropriate between $1 Trillion to $3 Trillion. So $9 to $11 trillion in total will happen shortly.
You think they are going to sell off all that gold and let the POG fall back to $1460/oz and leave the central banks without any financial insurance or asset diversification?
Gold is a type of emergency reserve which can also be used in crisis situations when currencies come under pressure.”
How much pressure would the US get if their dollar tanked in value?
https://www.bullionstar.com/blogs/ronan-manly/worlds-central-banks-hold-gold-words/
gold, page-86076
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