U.S. Gold-Backing

The Treasury Department has  over 261 million ounces of gold. There’s been lots of talk about how it can be used, or whether it ought to be kept.

One suggestion has been to use it to reduce U.S. debt. I would rather not sell gold for this purpose, I feel it will not reduce or affect government spending habits.

I believe the gold holding ought to instead be used to back the U.S. dollar. The stability would be an economic boon that could accompany what we do when reducing government spending and reducing debt.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)