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, along with the risk trade, is why gold’s been such a dog lately. (send hatemail to [email protected])
Business Insider Emails & Alerts
Site highlights each day to your inbox.