RE: Trump Calls For Moratorium on Muslim Immigrants
December 20, 2015 at 7:47 am
(This post was last modified: December 20, 2015 at 7:52 am by BrianSoddingBoru4.)
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
