3min chapter

Forward Guidance cover image

Does The Fed Control The Dollar? | Jeff Snider & Joseph Wang

Forward Guidance

CHAPTER

Gold as Collateral in Repo

Gold is sort of the collateral of last resort in a pinch But it's still hard to mobilize because you have to find will encounter parties And at times that can be very difficult. I mean are you gonna have someone an armored truck drive by just by? So What's the point of having all these super liquid things that might disappear on you one day? Right, it's useless rather have this thing that sure not very liquid, but at least it's still there It's really your priorities, right?

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