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What is the reasoning behind the slow rate of liquidation?
I have even heard "tradition" and "propping up confidence" as reasons. Confidence or creditworthiness should stem from the expected performance of the US economy and tax collected on that activity, since treasury securities are not backed by gold. Gold standard regulation required all banks, including the central bank to hold gold as a regulatory asset.
I know the US treasury is slowly selling its gold reserves, but what is the actual mission and purpose when it comes to the holdings?
Interestingly, an examination of central bank annual reports shows a fair amount of variation in what they use for their assets.
.” This statement by Zeus Kerravala, who wrote this statement for an article he penned for Network World has raised some thoughts in the industry.
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A Climate Central analysis finds the odds of “century” or worse floods occurring by 2030 are on track to double or more, over widespread areas of the U. These increases threaten an enormous amount of damage.