6 ms·
On the grand scheme of things this is 12bil usd worth of gold. The GDP of Netherlands is 1.4 trillion USD. So, this is honestly a foot note.
by RandomWorker 2mo ago
On the grand scheme of things this is 12bil usd worth of gold. The GDP of Netherlands is 1.4 trillion USD. So, this is honestly a foot note.
- SanjayMehta 2mo agoGDP is just a number in a spreadsheet. This is a physical asset.
- apexalpha 2mo agoGDP is a proxy for economic output. This is a static collection of a certain element producing nothing.
- everybodyknows 2mo agoTo put in human terms, it's roughly three day's labor of every worker in the Netherlands.
- tosti 2mo agoMake that the cat wise.
- fbrncci 2mo agoNot the right comparison to make when comparing gold vs paper currency that can be printed at a whim. The comparison would hold if they pulled out physical fiat currency reserves.
- radiator 2mo agoThe sum of 12 billion USD would be correct for paper gold probably. But in practice, the supply of paper gold exceeds that of physical gold.