The Rumors of The US Gold Reserves | What This Means

Rumors abound regarding the US gold reserves, with doubts emerging about their majority ownership. The absence of an audit and lack of transparency fuel suspicions. Historical events, like the US defending its gold peg but later defaulting on debt, contribute to the skepticism. Moreover, China's rise as a manufacturing powerhouse has shifted global trade dynamics, diminishing the importance of the US dollar in everyday transactions. China now dominates the production of desired goods. This changing landscape challenges the assumption that other nations would continue accepting US dollars when they can directly obtain goods from China.

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