An interesting assertion begins this article. But consider, our United States is 1) about four percent of the population of the globe, 2) based on various sources, about 30 percent of the global debt, and 3) about 25 percent of the global GDP or PPP, as one chooses to view things.
Nowhere in the above comparative and VERY approximate numbers, is this nation greater than half of anything. Therefore, the first sentence is silly, silly, silly. That the "foreign central banks hold more gold than U.S" -- the remainder of the world -- should be no surprise to anyone.
The bottom of this website's splash page states the MEDIA company's address is:
P.O. Box 2599 · Eagle, IDInteresting, then, that this site wants your CURRENCY by selling METALS through its site.
It's M A R K E T I N G.....
1. Gold at $3,500/ounce
2. $37T+ in federal debt, and growing by the day
3. U.S. Treasury rates that are consistently higher than U.S. GDP growth (this is like borrowing money for a business at a 10% interest rate to grow your revenue by 5%)
4. A demographic collapse in the U.S. that makes future GDP growth even more difficult to achieve
- “For the first time since 1996, foreign central banks hold more gold than U.S. “
You misquoted the article. Seems quite intentional.
Care to explain why?