For now, the repo market twist look like the best option. You really need to read Alasdair Macleod's
article on that.
ok, i read it. not impressed. you know, a long time ago i realized that gold bugs are just inflationists in "sound money" clothing. they'll concoct the most amazing methods to continue the inflation they supposedly hate.
As dollar velocity increases, its volatility will rise as well.
uh, i don't know if you've realized it yet, but money velocity has been plunging.
I know you're still skeptical of it resuming that role; why is it receiving safe haven flows, then?
its called "speculation".
There's no need to physically move the reserve bullion (just as dollar reserves are rarely ever 'move'); the existing system works insofar as gold is concerned (large-scale distributed storage with registered ownership of numbered bars). It's the leverage (and in turn the current custodianship) that's at issue. That built up during a fixed gold standard, but with gold freely floating via market exchange that rigidity is nullified, allowing it to form the basis for all currencies and goods exchangeable against it.
why does this sound like MyBitcoin?
gold is here to stay.
i beg to differ.