Estonia has a single gold bar in its vault... but cannot sell it

[longknife]

They say it’s worth 500k Euros. The rest of their gold is in foreign banks, a lot in the US.


Does anyone still believe that money is backed by gold?

Tallinn sold most of its gold reserves in the 1990s and invested money in other liquid assets, such as bonds and equities, according to the bank official.

Estonia’s gold reserves are the second lowest among European countries, behind Albania by 1.35 tons, according to Trading Economics website data.

Story @ Estonia has a single gold bar in its vault... but cannot sell it

 

[BuckToothMoron]

I don’t think anybody has believed that currency is backed by gold for decades. US went off the gold standard in 1971.

 

[westwall]

They say it’s worth 500k Euros. The rest of their gold is in foreign banks, a lot in the US.


Does anyone still believe that money is backed by gold?

Tallinn sold most of its gold reserves in the 1990s and invested money in other liquid assets, such as bonds and equities, according to the bank official.

Estonia’s gold reserves are the second lowest among European countries, behind Albania by 1.35 tons, according to Trading Economics website data.

Story @ Estonia has a single gold bar in its vault... but cannot sell it

It has long been known, by those who actually pay attention, that our monetary systems are based on fiat. Nothing more.

 

[Baron]

While Soviet 'occupation' Estonia was the most prosperous republic with the highest life quality and strongest economy.
Today it is a poor beggar, a toilet paper of EU, which citizens leaving the country in droves and fleeing from

 

[Stratford57]

While Soviet 'occupation' Estonia was the most prosperous republic with the highest life quality and strongest economy.
Today it is a poor beggar, a toilet paper of EU, which citizens leaving the country in droves and fleeing from

And with the population less than a million.

 

[Baron]

While Soviet 'occupation' Estonia was the most prosperous republic with the highest life quality and strongest economy.
Today it is a poor beggar, a toilet paper of EU, which citizens leaving the country in droves and fleeing from

And with the population less than a million.

80% of them are retired poor.

 

[Deplorable Yankee]

those rags in your pocket with presidents on them is really worthless ...no kiddin