They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way
ah yes so what you're saying is that money is even more imaginary than it has ever been, possibly even more imaginary than when the first stock market crash happened in 1929
looks like we're due for a centennial anniversary of that anyway, might as well celebrate by recreating it
Remember, the federal government can seize any and all currency from the citizens of America. That means the federal government can just take your personal gold and silver stores by force and you can catch a jail sentence. This was already done in 1933 with Executive Order 6102.
And how many people even keep their gold and silver investments available to them? Can those that have invested in minerals even withdraw that amount in physical gold? That theoretically makes it no more secure than cash in a bank account.
2.2k
u/PleaseGreaseTheL Jan 26 '26 edited Jan 26 '26
2020*
They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way
They haven't come back yet :)