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Thread: The U.S. owns the world’s most gold.

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    Default The U.S. owns the world’s most gold.

    The U.S. owns the world’s most gold. Here’s who comes in second
    Published: May 30, 2019 3:42 p.m. ET

    https://howmuch.net/articles/gold-re...ound-the-world

    If you’re looking for a central bank full of gold bugs, start in the U.S. and Germany.

    The U.S. owns the most gold of any country, according to an analysis of data from the International Monetary Fund, published on HowMuch.net.

    The U.S.’s reserve of gold equals 8,133 tonnes, worth more than $373 trillion.

    Germany comes in second, with 3,369 tonnes, worth more than $154 trillion.

    The IMF itself (although it is not a country, it placed itself in the ranking) holds the third-most: 2,814 tonnes, worth more than $129 trillion.
    -----------------------------------------------------------------------------

    So to put it in perspective $18 trillion in national debt pales in comparison to the amount of Gold held by the U.S. $373 Trillion. It's hard to say we're bankrupt.
    Last edited by ramus; 30th May 2019 at 20:14.

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    Canada Avalon Member Stardad's Avatar
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    Default Re: The U.S. owns the world’s most gold.

    Correct my math if faulty Ramus but 8133 tonnes is equal to 8133X2000 equals 16,266,000 pounds X 16 ounces per pound equals 260,256,000 ounces X 1300 US dollars per ounce equals: 338,332,800,000 $

    So billions not trillions

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    Default Re: The U.S. owns the world’s most gold.

    Quote Posted by ramus (here)
    The U.S. owns the world’s most gold. Here’s who comes in second
    Published: May 30, 2019 3:42 p.m. ET

    https://howmuch.net/articles/gold-re...ound-the-world

    &

    https://www.marketwatch.com/story/th..._theo_homepage

    If you’re looking for a central bank full of gold bugs, start in the U.S. and Germany.

    The U.S. owns the most gold of any country, according to an analysis of data from the International Monetary Fund, published on HowMuch.net.

    The U.S.’s reserve of gold equals 8,133 tonnes, worth more than $373 trillion.

    Germany comes in second, with 3,369 tonnes, worth more than $154 trillion.

    The IMF itself (although it is not a country, it placed itself in the ranking) holds the third-most: 2,814 tonnes, worth more than $129 trillion.
    -----------------------------------------------------------------------------

    So to put it in perspective $18 trillion in national debt pales in comparison to the amount of Gold held by the U.S. $373 Trillion. It's hard to say we're bankrupt.
    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    I apologize I didn't check their math .....sorry ............ I captured their error in my OP ..... they have changed it now .
    Last edited by ramus; 30th May 2019 at 21:10.

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    Japan Avalon Member Ioneo's Avatar
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    Default Re: The U.S. owns the world’s most gold.

    That's if the gold is really there.

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    Default Re: The U.S. owns the world’s most gold.

    Quote Posted by Ioneo (here)
    That's if the gold is really there.
    But how could you ever doubt that!

    These numbers are all reported by the trusted and lovely International Monetary Fund, the same organizations that has been putting the world in as much debt as possible, all for "humanitarian" reasons, not doubt.

    And the U.S. reserves, held in Fort Knox, were only audited as recently as 1953. What could have possibly gone wrong since then ???

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    Default Re: The U.S. owns the world’s most gold.

    So the U.S will eventually drive the price of gold to sky high levels through monetary policy, then pay off their debt with that gold, very slowly over the course of a decade, to keep the price of gold stratospheric.

    If they do this while China, Russia and Japan are floundering they can easily maintain reserve status of thei currency. It will be a convoluted way of backing their currency wth gold.
    Last edited by AutumnW; 31st May 2019 at 19:18. Reason: forgot a few crucial words!

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    Default Re: The U.S. owns the world’s most gold.

    well, it's us behavior. the last three stockpiles of gold they took from Irak, Syria and Ucrania. So it's just business as usual.

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