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How much of the west’s wealth is stored in metals? I’d be surprised if it’s 1% of the actual money supply.
by brookst 4y ago
How much of the west’s wealth is stored in metals? I’d be surprised if it’s 1% of the actual money supply.
- Scoundreller 4y agoIn Canada, none. Sold off their gold reserves cuz we got more than enough in the ground (and speculating in the thing that everyone else speculates on is kinda dumb)
- sbaiddn 4y agoNot much, and a good argument against gold bugs is "why gold"? The problem for the West is that we've put all our eggs in the dollar basket. Our prosperity presume that the people with natural resources and the people that build things will continue to accept dollars because they don't have anything better to settle accounts with. I'm not saying a dollar collapse is imminent, but perhaps we should have a backup (euro doesn't count. Its a joke)