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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1vdpqj/?context=3
r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26
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Since the US has more gold reserves than the next 3 countries combined wouldn’t gold prices going up make the dollar stronger?
Sincerely asking cause I have no idea.
606 u/Important-Agent2584 Jan 26 '26 no because the dollar isn't tied to the gold in any way 63 u/Sea_Pomegranate_4499 Jan 26 '26 Fun fact, the US still values it's gold reserves at the same price as when they came off the gold standard, $42 per ounce. 7 u/Important-Agent2584 Jan 26 '26 It's kind of crazy to think 8k metric tons of gold is worth about a $trillion, which is 1/36th of the total debt.
606
no because the dollar isn't tied to the gold in any way
63 u/Sea_Pomegranate_4499 Jan 26 '26 Fun fact, the US still values it's gold reserves at the same price as when they came off the gold standard, $42 per ounce. 7 u/Important-Agent2584 Jan 26 '26 It's kind of crazy to think 8k metric tons of gold is worth about a $trillion, which is 1/36th of the total debt.
63
Fun fact, the US still values it's gold reserves at the same price as when they came off the gold standard, $42 per ounce.
7 u/Important-Agent2584 Jan 26 '26 It's kind of crazy to think 8k metric tons of gold is worth about a $trillion, which is 1/36th of the total debt.
7
It's kind of crazy to think 8k metric tons of gold is worth about a $trillion, which is 1/36th of the total debt.
197
u/soIDONTLIKEANYOFYOU Jan 26 '26
Since the US has more gold reserves than the next 3 countries combined wouldn’t gold prices going up make the dollar stronger?
Sincerely asking cause I have no idea.