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Re: Saving Grace post# 14900

Friday, 09/23/2022 11:16:59 PM

Friday, September 23, 2022 11:16:59 PM

Post# of 19512
There's 193 recognized countries if you don't include the Vatican City and Palestine.

No country is currently on the gold standard

Total gold owned by the U.S government — including the Federal Reserve and the U.S. Mint— is 248 million ounces. That's about $405 billion dollars at today's prices, in a $15 trillion economy, we would need to increase that amount in resrves or the price per ounce by 3,600% to go back on the gold standard.
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