Which Countries Hold the Most Gold Reserves and Why?

Which Countries Hold the Most Gold Reserves and Why?

The largest country in the world in terms of gold reserves in the US military camp, the US, has 8133 tons of gold reserves, which is said to be worth $628 billion. The United States’ gold reserves are stored in the United States Bullion Depository, commonly known as Fort Knox.

Why Trump Wanted to Buy Greenland: What’s the Big Deal?

Why Trump Wanted to Buy Greenland: What's the Big Deal?

The Danish government has announced a massive increase in spending on the defense of the important island of Greenland, after US President-elect Donald Trump expressed his desire to buy the island. Danish Defense Minister Trolls Poulsen says the recent increase in Greenland’s defense spending is up to $1.5 billion.

From Thaler to Dollar: The Origin of the World’s Most Powerful Currency

From Thaler to Dollar: The Origin of the World's Most Powerful Currency

The US dollar is the most widely used currency in the world, unofficially holding a position similar to gold because, according to the International Monetary Fund, 62% of the world’s financial reserves are held in this currency. In about 31 countries around the world, either the US dollar is the official currency or the official currency in these countries is also called the dollar, while the value of the currencies of another 66 countries is linked to the US dollar.