It's not so much about 'ammunition': for that it doesn't matter how the central bank accounts for their gold.
The archaic official value of gold is just a political left-over from when the US was part of the Bretton Woods system, and no politician has found it advantageous to change that relict.
Just like we are still labouring under lots of other old regulations. Like taking our shoes off at the airport.
The archaic official value of gold is just a political left-over from when the US was part of the Bretton Woods system, and no politician has found it advantageous to change that relict.
Just like we are still labouring under lots of other old regulations. Like taking our shoes off at the airport.