OT: gold reserves

horshack.sixpack

All-American
Oct 30, 2012
11,954
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Interesting graph

1787317523327.png

disclaimers: I have no strong feelings about this data and I’m unaware if gold identifies with a political party
 

mstateglfr

All-American
Feb 24, 2008
16,709
6,525
113
that note next to Canada says Canada sold its last gold reserves in 2016.

Just an FYI, in case anyone felt it was a touch blurry.
 

horshack.sixpack

All-American
Oct 30, 2012
11,954
9,066
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that note next to Canada says Canada sold its last gold reserves in 2016.

Just an FYI, in case anyone felt it was a touch blurry.
That was a point of interest as well for me. I don't know that I can articulate the intrinsic value of gold today beyond obvious uses in electronics, and various other products.
 

fedxdog

Sophomore
Dec 7, 2008
549
113
38
these could go so many ways. Currency stability, political instability, personal savings. I don't invest in precious metals or tech stocks for the same reason.
As Peter Lynch famously said, "Don't invest in anything you can't explain to a 10-year-old."
 

thatsbaseball

All-American
May 29, 2007
18,230
7,143
113
OK

View attachment 1401966

ETA: that is 2024 data but I'm not going beyond a cursory search to see if 2026 is out there
It would be interesting to oil reserves vs oil consumption . My point being both parties have used our strategic oil reserves for manipulating oil/gas prices for political reasons with little or no care for what they are there for . OFF WITH THEIR HEADS !......all of them .
 
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woozman

All-Conference
Nov 13, 2004
3,443
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It’s odd to me that Russia isn’t even listed. I know their economy is built on oil and has been in bad shape for years, but I would’ve thought they’d have some gold reserves.
 

horshack.sixpack

All-American
Oct 30, 2012
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It would be interesting to oil reserves vs oil consumption . My point being both parties have used our strategic oil reserves for manipulating oil/gas prices for political reasons with little or no care for what they are there for . OFF WITH THEIR HEADS !......all of them .
best I can do on a Friday that's attempting to be a Monday...

1787328736100.png
 

grinningmule

Heisman
Jul 15, 2021
5,069
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It would be interesting to oil reserves vs oil consumption . My point being both parties have used our strategic oil reserves for manipulating oil/gas prices for political reasons with little or no care for what they are there for . OFF WITH THEIR HEADS !......all of them .
The chart shows oil reserves that are proven to be there for extraction, not strategic reserves. Our strategic reserves only hold a little over 700 million barrels maximum. Your point about the SPR stands considering it was created to keep our military functional in a crisis.
 
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thatsbaseball

All-American
May 29, 2007
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The chart shows oil reserves that are proven to be there for extraction, not strategic reserves. Our strategic reserves only hold a little over 700 million barrels maximum. Your point about the SPR stands considering it was created to keep our military functional in a crisis.

I may be "chicken little" about this it concerns me and I resent the country being put in this position for political reasons.....like we are right now .
 

grinningmule

Heisman
Jul 15, 2021
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I may be "chicken little" about this it concerns me and I resent the country being put in this position for political reasons.....like we are right now .
I wasn't disagreeing with you. Trump wanted to completely fill the SPR during COVID when oil bottomed out and Congress said it was a waste of money (laughable). Every time he and other presidents have sold off SPR it has been for political points with negligible effect on oil prices.
 

horshack.sixpack

All-American
Oct 30, 2012
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I may be "chicken little" about this it concerns me and I resent the country being put in this position for political reasons.....like we are right now .
Short-mid term: I'm more concerned about our missile depletion/ability to defend ourselves while also pissing off the rest of the world...China is the primary benefactor of this and pretty clearly sees our military and financial spend against Iran as a good thing for them. They get to pretend to be diplomatic while watching us deplete resources that could have, at a minimum, be focused on competing with them. Beijing is vying to be what the US once was; a stabilizing power.

Long term: Our allies (former?) and trade partners working out non-US answers to the problems that tariffs have created has a lot of potential to be really bad for our economy. China is the primary benefactor of this as well.
 
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johnson86-1

All-American
Aug 22, 2012
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It’s odd to me that Russia isn’t even listed. I know their economy is built on oil and has been in bad shape for years, but I would’ve thought they’d have some gold reserves.
Yup. We’re going to destroy those salt domes. But nothing was worse than democrats refusing to refill them when oil was dirt cheap because they viewed it as a bailout of oil companies instead of recognizing that we could keep oil prices a little more level and save a **** ton of money.

well, there’s lots worse than that. But in this specific context, that was infuriatingly stupid .
 
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TheDawg-Pound

Senior
Dec 21, 2024
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Short-mid term: I'm more concerned about our missile depletion/ability to defend ourselves while also pissing off the rest of the world...China is the primary benefactor of this and pretty clearly sees our military and financial spend against Iran as a good thing for them. They get to pretend to be diplomatic while watching us deplete resources that could have, at a minimum, be focused on competing with them. Beijing is vying to be what the US once was; a stabilizing power.

Long term: Our allies (former?) and trade partners working out non-US answers to the problems that tariffs have created has a lot of potential to be really bad for our economy. China is the primary benefactor of this as well.
You also have to see it as bringing attention to the matter. Do you think if we went to war with China we'd be able to hit then stop a few weeks then hit again, etc. This has brought attention to our deficiencies and this administration is working to revamp it. This administration didn't create the lack of manufacturing but it sure if poking holes in our "readiness". It's better to find this out now than in a larger conflict.
 

horshack.sixpack

All-American
Oct 30, 2012
11,954
9,066
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You also have to see it as bringing attention to the matter. Do you think if we went to war with China we'd be able to hit then stop a few weeks then hit again, etc. This has brought attention to our deficiencies and this administration is working to revamp it. This administration didn't create the lack of manufacturing but it sure if poking holes in our "readiness". It's better to find this out now than in a larger conflict.
You have a much better opinion of launching an ill advised unwinnable war that pushes economic hardships on the country that simply are not necessary. I realize that we’ve decide we are a country of war instead of defense but if it took this stupidity for the FOTUS to realize that there aren’t an infinite number of missiles available and that complex system like that have substantial lead times, we are in pretty bad shape. I also can’t imagine a scenario where competent leadership goes to war with China…
 
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