Should The Gold Market Fear The US Dumping Its Gold To Pay Down Debt?


The answer to that question is a resounding no.

Alex Kirtland of Usable Markets posted this chart showing US gold holdings in relation to US debt.

As you can see, the idea of selling gold to pay off any meaningful amount of debt would be a joke.



That being said, gold traders do apparently fear euro gold sales, as French and German leaders plan a new EMF to pay for future bailouts. This is something Dennis Gartman has brought up recently.

That, along with the risk trade, is why gold’s been such a dog lately. (send hatemail to [email protected])



NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at