GREY:HGGOF - Post by User
Post by
tarsandson May 06, 2022 12:20pm
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Post# 34662478
And the US is supposedly the biggest
And the US is supposedly the biggest Central bank with the most gold reserves by countries.
8.1337 tonnes too Chinas 1.948 tonnes.
Or 4 x less then the US.
https://www.gold.org/goldhub/data/gold-reserves-by-country?gclid=EAIaIQobChMI1I3Ksp_L9wIV6SitBh2Q_QRjEAAYASAAEgIK8fD_BwE
Sure China is the biggest producer:
https://www.statista.com/statistics/264628/world-mine-production-of-gold/#:~:text=China%20is%20the%20largest%20gold%20producer%20in%20the%20world.
370 metric tonnes
US - 180 metric tonnes
Metric tonne or just tonne in gold terms is the same.
So at a net gain for China of 190 tonnes of gold per year.
It would take them 31.5 years using all their production too play catch up with reserves.
There is roughly $27 trillion in USA Debt too pay it off with their Gold (gold would ) have too be I figure
Whoa
840 million dollars per Troy Ounce.
Would that get us over a dollar????????
LOL>
Goin crazy here.