Did you know? On the wealth of the USA

by Bill Corden

The U.S. has more gold in its reserves than Russia, China and Germany combined

They have 8,133 tonnes in their vaults… if they let it all loose, the value would drop like a stone.

Even in these times of international unrest, most of the world’s countries still keep their gold bullion stored in the US and the UK.

Most of Venezuela’s paltry 161 tonnes is stored in the Bank of England vaults but it’s a risky venture to store your gold in a foreign land (but safer than keeping it in your own back yard). It’s safer because you don’t know the moment there can be a revolution and if you see one coming you don’t have to ship it out on a plane.

All it takes is an authorised note to the custodians and bang! It’s out of reach of the rebels.

Venezuela’s is currently inaccessible to the government because hardly anybody recognizes the present regime there.

Russia and China are smart enough to keep their ingots in their heavily fortified central bank vaults, they don’t trust anyone else to store it for them.

When Gold purchases occur between countries, they just move the bullion with a forklift from one cage to another, usually in Fort Knox or in the Bank of England’s basement.

Just how powerful economically is the U.S.?

Well, here are the top three figures:

GDP: United States (GDP: $20.49 trillion) China (GDP: $13.4 trillion) Japan: (GDP: $4.97 trillion)

Canada just makes the world’s top ten with $1.71 trillion

California’s GDP of $3.6 trillion alone is 3 times that of all of Canada

The US has 59 of the top 100 richest companies in the world.

All this money and yet every city has a main street full of homeless. You certainly don’t want to get sick or lose your job down there.


6 Responses

  1. Ah! I remember a tour of the foreign gold vault at the Federal Reserve in Manhattan (decades ago, it was open to the public) — they showed you a video first, and there was a little museum (I remember a very tall plastic tube filled with — shredded alas! — dollar bills totaling $1,000,000 to give you an idea of what a million bucks is); there was a nice (holograph) turning gold bar. The little factoid that struck me the most was that workers had to wear titanium boots — a fall of just one bar would cause a fracture — those bricks (sized like regular construction bricks) are very heavy — 16 kilo I think. Once you pass the massive round door, the gold bricks themselves are stacked behind regular chain fence — you can touch them. They had plenty of dents and scratches — and the weird thing was, that even those dents were the color of gold; else, one would have thought that those were regular bricks wrapped in gold foil. A pretty cool sight this tall pile of bricks of gold stacked in front of you. It was a cool visit…

    1. If it was Bernie Madoff’s or Bankman-Fried’s vault they would have definitely been house bricks wrapped in yellow paper 😊

  2. “The U.S. has more gold in its reserves than Russia, China and Germany combined..”

    That is not true. China only discloses the amount of gold they want to disclose. No one
    who is familiar with Chinese gold holdings think they have much under 5,000 tons of gold vs the 2,010 tons they say they have. The upper number is around 8,000 to 10,000 tons – same as the US. China is the largest miner of gold and they keep it in their own country. They have produced over 7,000 tons from 2000 to 2022.

    Xi Jinping in his recent speech in the Middle Eats is now suggesting that they want Middle Eastern oil to be settled in Renmimbi. They further indicate that there will be ways of converting the Chinese fiat money into long range deals or even the exchange of gold.

    The Petro Dollar is dead. Long live the Petro Yuan. The Biden Administration was utterly stupid in demonizing Saudi Arabia and in cutting Russia out of the dollar system. The BRICS and their new friends see the weaponization of the Dollar and no longer trust the United States. The dollar blows up in the next decade or so and then a Great Monetary Re-Set will occur. Nothing will stop this scenario from playing out. Nothing.

      1. In an audit , how can you tell whose gold belongs to whom. It has no brand marks.
        As long as the people believe it , then that’s what it is. It’s only when people start asking for it back that the trouble starts.

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