There’s a big difference between actual gold in a vault versus “reserves“. There are proven reserves, and then there are suspected reserves. even proven reserves are very difficult and expensive and time-consuming to actually get out of the ground.
There’s a big difference between actual gold in a vault versus “reserves“. There are proven reserves, and then there are suspected reserves. even proven reserves are very difficult and expensive and time-consuming to actually get out of the ground.
True. I do believe it's an accurate estimate of proven reserves. Without big backers it can be tough to extract, but it seems the US will cede it to Russia who will easily provide what's needed. The US opts for diplomatic virtue signaling and rainbow baby talk.
There’s a big difference between actual gold in a vault versus “reserves“. There are proven reserves, and then there are suspected reserves. even proven reserves are very difficult and expensive and time-consuming to actually get out of the ground.
True. I do believe it's an accurate estimate of proven reserves. Without big backers it can be tough to extract, but it seems the US will cede it to Russia who will easily provide what's needed. The US opts for diplomatic virtue signaling and rainbow baby talk.