In practice, this means that most of America\u2019s massive gold stockpile is illiquid and wouldn\u2019t be readily accepted on the international market should the need arise:<\/strong><\/em><\/p>\n \u201cIt\u2019s a decrepit relic just like our monetary policy is. With respect to America\u2019s gold stockpile, we hold ourselves to a lower standard than the rest of the world,\u201d Money Metals CEO Stefan Gleason said.<\/p>\n Mises Institute Editor in Chief Ryan McMaken called\u00a0the\u00a0US gold reserves \u201ca legacy of theft and lies,\u201d pointing out that the gold reserve was never intended to be a \u201cstatic, untouchable hoard of the US government.\u201d<\/strong><\/p>\n https:\/\/www.zerohedge.com\/precious-metals\/ft-knox-full-impure-gold-unfit-international-transactions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The bulk of the US gold reserves held in Fort Knox are made up of impure \u201cnon-standard\u201d bars that don\u2019t qualify for use in international settlements. In practice, this means that most of America\u2019s massive gold stockpile is illiquid and … Continue reading