Oct 19, 2009

Got Gold?

CNBC is turning into the king of the slideshow. This week’s topic: “The World’s Biggest Gold Reserves.”

Russia ranks 10th in the world with 625.2 tons of gold in reserve -- totaling $20.85 billion. For everyone keeping score at home, that amounts to 27% of the total debt which the United States borrowed from creditors last week ($78 billion).

But it’s not all bad news for Uncle Sam. America’s gold holdings are still the world’s largest, with 8,946.9 tons of bullion, or $298.36 billion.

And no, gold-plated Porsches are not counted towards a country's total reserves. That would be unfair, Russia.


BabaYaga said...

What about gold teeth? Do they count?

Pirates(and)Diplomats said...

Yes, absolutely! =)

Rinn Marler said...

Ah, Russian Oligarchs with their gold plated cars. I wonder how they make the Serbians feel. Take a look at the Serbian version of Pimp My Ride. Go's to show that Yugos are good for something.


Pirates(and)Diplomats said...

Yes. We even linked to that story a while ago, after Yugo production was cancled. RIP Yugo.