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So your position is the reason we hold gold is because we’re stuck with it?We can't get rid of it.
We used to hold it because our currency is backed by it, and amassed huge reserves because of that, but that came end decades ago. Unfortunately though since its still held by other govts across the globe, and numerous investment institutions (some of the too big to fail guys), the US can't sell off its massive gold reserves without causing huge worldwide economic disruptions (a mess which it might have to clean up) when the price of gold tanks as a result.