ps3linux
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The EU holds the most gold 'officially' ... Turkiye also is buy gold through its CB.
The funny thing is that the EU policy has been to maintain 10% solid gold reserves in each of the CentralBanks... so indirectly, ECB ... you got the picture.
PhysicalGold and PhysicalSilver!!!
It would be Suicide...nay, NationalSuicide if Pak sells off its GoldMines .... but then...
You know....
Few thoughts disorganized.
Russains/Turkey and China were stockpiling gold they started it long time ago, what is the latest position no idea.
Ghaddari gifted Saindak to our Iron Brothers in exchange for $50 million plus some royalty. Tons of money exchanged hands, that time I was still in wall street and everyone knew ton loads of forex was channeled through BVI/Cayman. Thank goodness TIP was being given away free but one bureaucrat made sure it was never sold off.
Price of Gold although being rare is high, but the other reason is companies like Barrick control the production so that it remains rare. Estimated Seasand contains about $700 trillion worth of Gold, tomorrow we may see the tech.
Easier once human kind develop sublight engines and travel easily between solar system, there are ton loads of asteroids which are composed of heavier metals. We have not explored the moon so far. From what I have heard from few geologists internationally precious metals are usually common where there are fault lines. Someone needs to pick up map of Pakistan and find fault lines and tectonic plates.
Enough, random thoughts.