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They're running out of valuable stuff ignoring the gold. Most gold producing nations export their gold like any other metal or mineral, don't they?
by throwawaylinux 4y ago
They're running out of valuable stuff ignoring the gold. Most gold producing nations export their gold like any other metal or mineral, don't they?
- pakitan 4y agoI'm not intimately familiar with Ghana's economy. I was just pointing out that this is a trade balance problem not a "we can't get our hands on USD" problem. Maybe they haven't exported gold before and now, by exporting, they'll be able to fill in the gap. Or maybe the gap is so big they'll eventually run out of gold AND USD. Either way, it has nothing to do with the USD status as a reserve currency.