The Central Bank of Iraq has 90 tons of gold reserves from Iraq. There is a conspiracy theory that states that the United States stole Iraqi gold. The conspiracy theory is still circulating, stating that the United States stole Iraqi gold and oil, specifically $20 TRILLION in gold and $30 TRILLION in oil. All those photos of American soldiers holding Iraqi gold bars are genuine, but they only show them taking pictures with the gold they seized in Iraq.
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Hedge against inflation Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Over the past 50 years, investors have seen gold prices soar and the stock market crash during the years of.