Too general-- not really true-- China and Russia have tons, and a lot of the west (central banks) are bringing it back. Argentina for some reason just sent (Oct?) theirs to the BOE for keeping.
Not so general, as I said, the BRICS have lots, especially China, no one knows how much they have... India has lots... Not sure about Brazil, bit S. Africa has a lot, maybe still in the ground...
Non-US West central banks have bubkes in comparison and the USA may well have NONE... that's why our Treasury, Fed and Congress all have refused a legit audit since Ike.
... Gold is indeed the answer... the BRICS are loaded up with it and the west has little or, like the USA... none. Only tones of DEBT.
They will have a hard time herding cats necessary for a gold-backed currency, but they CAN already use gold as a trade settlement vehicle.
Welp….i heard Trump ordered pick up of all our gold from the Vatican.
Those totally corrupt thieves will never surrender it... IF they have it.
'Heard' means nothing in todays world. You need visible evidence for everything or it is just hearsay.
Also world trade is WAY bigger than all the gold reserves
Depends on the price of gold. It will almost certainly be revalued... and Soon, I would guess.
Too general-- not really true-- China and Russia have tons, and a lot of the west (central banks) are bringing it back. Argentina for some reason just sent (Oct?) theirs to the BOE for keeping.
Not so general, as I said, the BRICS have lots, especially China, no one knows how much they have... India has lots... Not sure about Brazil, bit S. Africa has a lot, maybe still in the ground...
Non-US West central banks have bubkes in comparison and the USA may well have NONE... that's why our Treasury, Fed and Congress all have refused a legit audit since Ike.