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Gold is not very important in any economy. It's too cheap to represent even a tenth of an economy. USA holds 8,133 tons of gold. That's 260.26 million ounces.
by imaginenore 11y ago
Gold is not very important in any economy. It's too cheap to represent even a tenth of an economy.
USA holds 8,133 tons of gold. That's 260.26 million ounces. At the current price that amounts to
260.26 * 1184.28 = $308.22 billion.
For comparison, US GDP is $16.77 trillion.