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Trump Calls For Moratorium on Muslim Immigrants
RE: Trump Calls For Moratorium on Muslim Immigrants
Quote:Gold is a big part of that GDP

Yeah, not so much.  GDP is a somewhat variable evaluation of all goods and services produced (that's where the 'P' comes from) by a national economy over a specific period.  The only way gold would affect GDP would be gold that is mined and processed in a particular period (the same period in which GDP is measured).  Gold stored in a reserve has no impact on GDP, any more than an automobile built and sold in 1985 affects the GDP for 2014.

Boru

Addendum: I just looked this up: The US gold reserve has a monetary value of around $330 billion. US GDP is about $17 trillion. So, even is the gold reserve did affect the US GDP, it accounts for a little less than two percent. Hardly a 'big part'.
‘I can’t be having with this.’ - Esmeralda Weatherwax
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Messages In This Thread
RE: Trump Calls For Moratorium on Muslim Immigrants - by Drich - December 14, 2015 at 12:14 pm
RE: Trump Calls For Moratorium on Muslim Immigrants - by Drich - December 17, 2015 at 10:34 am
RE: Trump Calls For Moratorium on Muslim Immigrants - by Drich - December 18, 2015 at 10:24 am
RE: Trump Calls For Moratorium on Muslim Immigrants - by Drich - December 16, 2015 at 12:19 pm
RE: Trump Calls For Moratorium on Muslim Immigrants - by Drich - December 18, 2015 at 11:52 am
RE: Trump Calls For Moratorium on Muslim Immigrants - by BrianSoddingBoru4 - December 20, 2015 at 7:47 am

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