The Fed’s Quiet Gold Trick Won’t Save Us – Here’s Why

Folks, I grew up in a neighborhood where if you couldn’t make rent, you didn’t go digging around in your attic looking for forgotten cash — you found a way to earn more or cut expenses. But central banks? They’ve got a different playbook. The latest bright idea floating around Washington and Brussels is this: take the gold reserves they already own, pretend they’re worth more on paper (which they are), and then use that imaginary “profit” to plug budget holes. Sounds clever, right? Well, a Federal Reserve economist named Colin Weiss just dug into the history of this stunt — and it’s not exactly a miracle cure. The Big Gold Math Here’s the pitch for the U.S.: We’ve got…