“23,349 tonnes of gold in their respective reserves, representing more than $1.3 trillion”
Given the number of countries included, and the scale of their combined economies, that’s not much.
Which means that there will be one hell of a reset when digital fiat goes vapor and burns.
That’s about 8 percent of our national debt.Pretty grim.
In the USA, total cash equals federal debt equals GDP, each about $15T. Assuming the same for all other countries listed (for a very gross SWAG), and ignoring the IMF’s opaque holdings, that $1.3T in alleged gold is up against total currency of about $39T ... about 3% of cash has gold backing
- and that’s cash, not “money” which outnumbers real currency some ten-to-one.