• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Does the USA have enough gold to pay off the debt?

Help Support Ranchers.net:

Trinity man

Well-known member
Joined
Feb 12, 2009
Messages
1,259
Reaction score
7
Location
Guy Store, Texas
The wife and I was adding up have many lbs of gold the US needs to have to pay off our debt. So today gold prices is1643.6 and our debt is around 3 trillion so we would have to have 114,078,851,302.02 lbs of gold in Fort Knox. Now do you think its there or not. I for my self don't think so.

This all started by watching a show on the History Channel.
 

Hayman

Member
Joined
Mar 16, 2010
Messages
16
Reaction score
0
Location
Colorado
US Debt Clock shows 286,912,729 oz. on hand. That would make it worth roughly 1/2 trillion. So to answer your question.....not even close.
 

efb

Well-known member
Joined
Dec 9, 2005
Messages
485
Reaction score
1
Location
Northeast Texas
I may be wrong, but I think the 3 trillion is the budget deficit. Our total debt I think is 14.7 trillion. But whose counting. Don't get me started. :mad: :mad: :mad:
 

Latest posts

Top