If gold is 50mm a ton (wouldn't be of they had to liquidate that), rounding up, ...

et2o on July 30, 2019 | parent | context | favorite | on: The Invention of Money

If gold is 50mm a ton (wouldn't be of they had to liquidate that), rounding up, then they have at most 100 billion in Gold. Which sounds like a lot until you realize they have many trillions in USD reserves and debt.