> If we're going by "unfair"as you say they should sell their real estate as well.

Instead, all you gotta do is sell your souls, including future offsprung ones.

The US has the biggest gold reserve and the gold is only valued at 1T (market value, by book value only 11b). US debt is like 38T  or something like that. So the gold is <3%

Mind you, all other countries have much much less gold. 🤷🏻‍♀️

It simply is irrelevant. If we're going by "unfair"as you say they should sell their real estate as well.

kilianbuhn

econ

When countries are close to default and bankrupt, seeking bailout from IMF or other supernational financial institutions (Greece, Argentina are recent examples), do they usually have to pledge or liquidate their gold bars? 

Otherwise it seems a bit unfair where they just get to keep their gold, and then gets money from the IMF, with the donating nations having to bear the risk. Should not they liquidate their assets first to pay off whatever they can, before IMF rescues them? 