1995年5月の議事録を読むと

Do you think that it is in the best interest of the United States to maintain its current level of gold reserves, which is about 8,000 tons, or do you think that it would be better for us to sell some or all of our gold reserves, as some other countries have done or are planning to do?


Mr. GREENSPAN.　 Congressman, as you point out, we hold 8,000 tons of gold, which at current market prices is close to $80 billion.
The historical purpose for holding those reserves was essentially to provide backing for Federal Reserve notes and deposits at Federal Reserve banks during periods when we were on a metallic standard or a quasi-metallic standard such as Bretton Woods.

We are no longer on such a standard and haven’t been for quite a long period of time.
The question is: Do we need those reserves? The answer is: We don’t need them for purposes directly related to monetary policy.

The question then becomes: Is there an alternative use for those reserves which would be more beneficial to the United States than merely sitting there as dead assets?
The answer to that question is not obvious.


One could argue, as some people have, that we should sell those reserves and use the proceeds for various public purposes.
But one could also argue, as others have, that we should hold on to those reserves as a form of insurance against unforeseen contingencies in the world financial system.

I don’t have a strong view one way or the other on this issue.
I think it is something that deserves careful study and analysis.
But I do think that whatever decision we make on this issue should be made in consultation with our colleagues in other major countries, because any large-scale change in our gold policy could have significant implications for the world gold market and for the functioning of the international monetary system.


かなり慎重な姿勢だということが分かる。でも金本位制重視ともいえる彼の考え方や、講演での報酬に金を要求した逸話などがあるから
話に尾ひれがついたんやな


でもこの件あたりから重要性を感じて自分は2000年から金地金を毎年1,2キロペースで増すようにしてる