[enumerated]

Stupid article.

Gold is super easy to refine, so the worst case scenario is that much of the gold in US reserves is worth 90% of what it would be worth if it was .999 pure.

Meanwhile, there is nowhere near enough gold in ANY nation’s treasury to “back” that nation’s paper currency, so any inadequacy of US gold reserves has zero to do with purity.

[Vermont Lt]

Exactly. No one is selling US gold reserves. And our dollar is not pegged to gold. The dollar is more pegged to B2s and F35s and missile subs.

Not really sure what the issue is here. I guess there are still people who think we are “as good as gold.” Look around…no one cares.

[delta7]

there is nowhere near enough gold in ANY nation’s treasury to “back” that nation’s paper currency,

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That would require Gold revalued. If “ debt” isn’t factored in, $9,000 plus would cover only the amount of paper currency in circulation. If US debt is factored in, Gold must be revalued to $140,000 per oz/t.

This is why China’s goal ( stated in their white papers) is a 40 percent zGold backed currency. BRICS has also stated a 40 percent Gold backing for international settlements.

[SuperLuminal]

Thank you for injecting some factual sanity into the discussion...