“If gold is a relic of history, why do Central Banks + the IMF still hold over $1T of gold?

Alan Greenspan on Gold and Central Banks

US should watch its debt pile before ‘things get out of hand,’ Fed’s Mester says
The U.S. should keep its debt-to-GDP in mind before things “get out of hand,” Federal Reserve Bank of Cleveland President Loretta Mester said Monday.
Publicly-held debt-to-GDP is 75 percent, but is expected to double by 2047, pushed upward by a raft of recent government spending and stimulus programs.
According to the International Monetary Fund, the U.S. is the only advanced economy where debt-to-GDP is scheduled to increase in the next five years.

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Support gradual interest rate rises: Fed’s Mester from CNBC.


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