The US government’s gold stockpile is not supporting the US dollar. The demand for US debt and currency is largely based on the state’s taxation power. It’s not based on gold.
You May Also Like
Tech News
Image: Cath Virginia / The Verge Chinese startup DeepSeek claims its AI models can match the performance of those made by OpenAI and Meta...
Tech News
Image: Sony Sony is upping the limited warranty on some InZone gaming monitors to three years and is tossing in OLED burn-in coverage for...
Tech News
Illustration: The Verge Google said today that it plans to update Google Maps to reflect President Trump’s January 20th executive order to change the...
Tech News
Photo by Amelia Holowaty Krales / The Verge Apple updated its AirPods firmware support page today with a more detailed step-by-step guide on how...