practisingaccountant wrote."The US has about 8000 tonnes of...

practisingaccountant wrote.

"The US has about 8000 tonnes of gold, or 8 million kilos. Assuming they can sell it at current prices (highly improbable), of around US$29,000 a kilo that works out to roughly $ 232 billion.

So it takes decades of slugging out in the depths of hell in some of the mines to produce 8000 tonnes of gold.

And it takes a few quick keystrokes to generate 11 trillion dollars of debt.



regards