Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 16/11/2024, 23:29:03 UTC
⭐ Merited by vapourminer (1) ,JayJuanGee (1)
Maybe in the last few years (in part)?
The US government has not bought gold in the last few years. Especially not for reserve purposes.

https://tradingeconomics.com/united-states/gold-reserves

At least they did not sell it (like UK)...and some countries did dump some $ in form of treasuries.
I should have qualified that I was mostly referring to the latter.

US very often has a "unique" policy, like taxing citizens for worldwide income (even though they don't live in US currently), not being a part of CRS, etc, etc.
US have some jurisdictions that are very enticing for foreigners to open accounts and trusts in, including famous South Dakota trusts.
https://www.theguardian.com/world/2019/nov/14/the-great-american-tax-haven-why-the-super-rich-love-south-dakota-trust-laws

Interestingly, there is no reciprocity: US citizens would have at least some difficulty opening up accounts abroad (or at least have stringent reporting rules on those) due to FATCA laws.
Switzerland lost 85% of American clients as a result.