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RE: China Starts Ditching Dollar ~ News with Rick Sanchez … (Death of the Dollar–28) with Video

in Project HOPE4 years ago (edited)

Good point. Actually, most governments do not tell anything near the whole truth.
As for the US, it claims to have over 8 tons of gold, but its holding have not been audited in decades, and nobody can confirm that it actually still has those 8 tons. Many believe that most of the gold the US used to hold has in fact been lent out or sold, and that the actual US gold holdings are minimal.

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Why would USA need gold as it has no value inside their own borders ;)

Every country needs gold, as their own fiat currency has only phantom value. Without gold, a country has no "real" money.

There hasn't been real money in decades... Even Norway, which is one of the wealthiest countries in the world, has own currency pegged to oil, not gold.