sttrattu answered: United States has the most stock of gold.
Technically the US, but the FED cannot be even audit by congress, so I doubt that America has 8k+ tons of gold, just remember back in February when Germany asked for their gold, the FED told them it will take up to 7 years to get their gold back, it is because there is no gold at West Point and Fort Knox, and that is not counting the GLD that is and ETF that tracks the price of gold, and the future contracts that China buys.
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Spread the loveThe conventional wisdom dictating the inverse relationship between the Nasdaq 100 and gold seems to be undergoing a subtle yet intriguing transformation. These typically disparate markets, one emblematic of tech-driven equities and the other synonymous with defensive play, have converged in an unforeseen alignment within the current market dynamics. Five Key Highlights: Summary:…
Spread the loveSafes under a certain price point might not offer adequate security for valuables like gold and silver. It emphasizes the need for a substantial safe, advises against cheap options, and recommends specific hiding spots for valuables. When it comes to safeguarding your valuables like gold and silver, aiming for a safe under $1400…
Spread the loveTraditionally viewed as a safe haven during uncertain times, gold’s recent price surge coincides with heightened geopolitical tensions in the Middle East following a surprise attack by Hamas on Israel. Typically, a robust dollar tends to exert pressure on precious metal prices, given their US dollar denomination. The US dollar index has strengthened…
Spread the loveTo prevent rust spots from appearing on gold coins, it’s important to understand that gold itself does not rust or tarnish due to its non-reactive nature. However, the presence of other metals, such as copper or silver, in the gold alloy can lead to the development of red or brown spots over time.…
Spread the loveSome gold bullion coins seem to exhibit red spots, often referred to as “copper spots.” These spots result from high concentrations of copper in localized areas. It’s interesting to note that even in gold labeled as 24k, which is considered the purest form, there can be around 0.01% impurities, primarily concentrated copper, causing…
Spread the loveI’ve noticed milk spots on several silver coins, mainly Canadian maples and British Britannias. It’s frustrating because these spots diminish the premium value of the coins, and most shops only offer to buy them at the base metal price. I’m aware that this issue stems from the minting process, involving planchets, etc. However,…
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Cryptos like Bitcoin and Ether are cool ’cause you can send cash without middlemen. But the downside? Prices are all…
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