Loading ...Lukas Ekwueme
@ekwufinance
In January, gold was by far the largest US export.
1. Nonmonetary gold: $10.4B
2. Pharmaceuticals: $8.0B
3. Crude oil: $7.5B
The US effectively narrowed its trade deficit by exporting gold.
Countries were basically saying:
– We like your oil.
– We like your pharmaceuticals.
But we’ll take your gold
