And here's the corresponding graph on the UK's gold holdings...seems to match perfectly and demonstrates how the UK paid its debt down. Of course, most (if not all) of it went to the US. What this graph doesn't show is the UK's gold reserves as at 1940...which was exactly 12,390.22 tonnes. On that occasion, Gold literally saved the UK ......
So, I have two questions....
How would the UK have paid their war debts had they not owned 12,390.22 tonnes of gold?? and,
How are they (and other indebted countries) going to pay their debt down when they have no gold this time round?
