Former Fed/Treasury official: US should sell its gold

The US should sell its huge horde of gold to reduce the debt and cut interest expense, says Clinton-era Treasury official and former Fed economist, Edwin Truman in an FT op-ed.

That’s 621 million ounces of gold that he says should be dumped on the market.

Take that, gold bugs.

Given the rise of Fed-skeptics in the US political arena, the odds of the government dumping its gold will become virtually nil after this November’s elections, in my view…