Gold Price Value

Why dosen’t the US sell part of its gold reserves to raise the value of the dollar?

The price of gold is at an all time high, while the value of the dollar is plummeting, causing horrible repercussions for the US economy. From estimates I’ve heard the US gold reserve has at least $150 billion in gold. Why doesn’t it put part of that (say $50 billion) on the market to simultaneously lower gold prices and raise the value of the dollar? I’m certainly not an economist and just wondering out loud, but it seems to make sense.

Your solution would be short term and leave the US severely exposed to being taken over by another country with more resources and less debt. I’m not saying that this other country would take over the government, but it could buy the trading offices of the New York Stock Exchange or the Nasdap and purchase enough real estate to make American renters and not owners.

The way out of this terrible mess is to refocus. The subprime mortgage mess has to be cleared up. This may include forgetting the adjustable rates that homeowners now have to pay. This would give everyone the push needed to get back on their way and might stimulate the economy.

But most importanly I really think that all Americans should received free higher education. There is nothing better than an college degree from an American colleges or university.

Spare Change Ep01: Coin collecting do’s and dont’s (gold and silver coins too)

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