The United States isn’t going to sell the Statue of Liberty or Yellowstone National Park to keep itself from going over the debt limit.
You saw it here first.
Was there ever any likelihood that such a thing would happen?
No. But why let that stand in the way of a headline?
This week’s breathless commentaries that the United States wouldn’t sell the gold in Fort Knox, Ky., is another one of those fabricated headlines.
Was there ever any likelihood that the gold would be sold?
The gold window was closed in 1971.
The last government gold sales to influence the market concluded in the 1970s.
But then there is that conspiracy theory that the gold really isn’t there. This is a duplicate of the 1970s conspiracy theory that the gold was not there and the 1950s conspiracy theory that the gold was missing.
Naturally, if the gold is not there, the Treasury Secretary would have to rule out a gold sale because if he didn’t the evidence of the missing precious metal would be discovered.
Can’t have that.
What would the 2030s conspiracy theorists do if they couldn’t focus on the national gold stockpile?