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To: marshmallow

All of the nations on that list are gold bugs. Opinions as to whether it would go that direction in some manner?


3 posted on 07/12/2022 9:31:21 AM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: DesertRhino

“All of the nations on that list are gold bugs. Opinions as to whether it would go that direction in some manner?”

There simply isn’t enough gold out there. Russia has one of the largest reserves, but they still only have $130 billion in gold for a $1.4 trillion economy. That’s only 10%

For China they only have enough gold to cover 1% of their much larger economy.


4 posted on 07/12/2022 9:39:10 AM PDT by Renfrew
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