Wednesday, December 25, 2013

US Gold reserves not enough for the dollar

The US government according to various reports holds 8,133 tonnes of gold bullion reserves. 

It might seem like a lot but according to Jim Rogers, "It's not nearly enough to back the Dollar because we're the largest debtor nation in history – trillions and trillions of dollars."

Jim Rogers

Warren Buffett

Nouriel Roubini