The Sage of Main Street
Gold Member
Urine-Colored Rocks Have Been Trickled Down On
The total value of all government gold is roughly $6 trillion, but Wiki once had the value at $14 trillion, and some sites say it is only worth $500 billion, which is only one half trillion at the present price of $2,000 an ounce. Also, more gold is being produced and minted every day.
It's never made sense to me and shouldn't to anyone else (except to the ventriloquists' puppets who accept everything they're told) that the government can continue to run up deficits and add to the debt without defaulting. So common sense would consider that it is selling off gold to pay the interest, as it already did with all its silver. What is your explanation for why we haven't gone into default? Don't post any source; they're all controlled by the behind-the-scenes rulers. Figure out some explanation on your own.
