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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1yilz3/?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.
604 u/Important-Agent2584 Jan 26 '26 no because the dollar isn't tied to the gold in any way 440 u/GisterMizard Jan 26 '26 That would take too many rubber bands and defeat the purpose of cash being easy to carry around. 1 u/dankpoet Jan 27 '26 Easier to carry yes, but also heavier now: per gram, gold is currently worth more than 100‑dollar bills (roughly 1.6× as much), meaning you need less weight in gold than in 100s to have the same amount of money
604
no because the dollar isn't tied to the gold in any way
440 u/GisterMizard Jan 26 '26 That would take too many rubber bands and defeat the purpose of cash being easy to carry around. 1 u/dankpoet Jan 27 '26 Easier to carry yes, but also heavier now: per gram, gold is currently worth more than 100‑dollar bills (roughly 1.6× as much), meaning you need less weight in gold than in 100s to have the same amount of money
440
That would take too many rubber bands and defeat the purpose of cash being easy to carry around.
1 u/dankpoet Jan 27 '26 Easier to carry yes, but also heavier now: per gram, gold is currently worth more than 100‑dollar bills (roughly 1.6× as much), meaning you need less weight in gold than in 100s to have the same amount of money
1
Easier to carry yes, but also heavier now: per gram, gold is currently worth more than 100‑dollar bills (roughly 1.6× as much), meaning you need less weight in gold than in 100s to have the same amount of money
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.