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Valuation of gold held key to solution of money crisis
The piece argues that valuing gold differently could resolve world money troubles. It notes the United States holds the largest gold stock at about $10 billion, while other nations value gold lower, around $22 per ounce, affecting currency relations. It discusses tariffs, revaluations, pride, and the burden balance among nations, with gold worth more in practice than the official $35 price. It also references Fort Knox and global gold holdings, emphasizing US dominance and the need to export to reduce debts.
MENTIONED IN THIS ARTICLE
York
America
U.S
International Monetary Funch
Germany
Europe