“Therefore our calculation will be something like this:
254,296 tonnes × 1000kg × 1000 gm × 53.88 USD
The value is slightly above 13.7 Trillion USD”
How can gold be a money when its total value is
is like 4.5% of the worlds debt?
(13.7/300).
Delusional.
How can gold be a money when its total value is
is like 4.5% of the worlds debt?
———-
The worlds debt is at 380 trillion dollars of paper, at current inflation rates, it turns to toilet paper. If you haven’t noticed, “ money” is moving to “ commodity based currencies “, which is the reason the Ruble has been gaining rapidly in value. You think in todays terms, not the near future
Gold and other precious metals are the only real money. The debt you speak of is laid on worthless paper based on faith.
The world is heading for a commodities-based economy, and the currency isn’t going to be the dollar, or any other paper.