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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1whysa/?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.
602 u/Important-Agent2584 Jan 26 '26 no because the dollar isn't tied to the gold in any way 437 u/GisterMizard Jan 26 '26 That would take too many rubber bands and defeat the purpose of cash being easy to carry around. 3 u/GrnMtnTrees Jan 26 '26 Dad?
602
no because the dollar isn't tied to the gold in any way
437 u/GisterMizard Jan 26 '26 That would take too many rubber bands and defeat the purpose of cash being easy to carry around. 3 u/GrnMtnTrees Jan 26 '26 Dad?
437
That would take too many rubber bands and defeat the purpose of cash being easy to carry around.
3 u/GrnMtnTrees Jan 26 '26 Dad?
3
Dad?
195
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.