I read Ron Paul’s End The Fed this summer. Although I don’t think it would matter because the functions would just transfer over to the Treasury and there is no way to accumulate that amount of gold again.
His ideas must be examined though. They must be scrutinized because it gives people the mechanical understanding so we can evaluate and adjust so the money treatment plants run as efficient as possible and the residual cash flow shows up at the furthest dead end.
Just food for thought.
Of course it matters. Treasury is accountable. Treasury does not pay private owners. Also the “there is no way to accumulate that amount of gold again” line is the last resort of those on the fed gravy train to derail the possibility of the fed ending. Its a matter of supply and demand. Gold is grossly undervalued at present: Or more accurately the US dollar is grossly overvalued. Did you know that if everyone in the US tried to take their money out of all the banks at the same time you would only get 20c in the dollar? The dollar WILL crash. The longer it is delayed the worse it will be. The wealthy will have their resources safely tucked away elsewhere when it happens and once again it will mostly be the working class who suffer.
The fed is cancer on the American people, the gold standard is the chemo. It will not be without pain, but it will save the country’s life.