The US civil administrator of Iraq, Paul Bremer, said the money was found intact in the basement of the bank in downtown Baghdad. 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. 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.
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With almost an ounce for every US citizen, the country has more than 8, 100 tons in its vaults. However, even this number has a bit of mystery about it, as many believe that the world's most famous gold deposit, Fort Knox, may not contain as much gold as reported.
Measurements of gold around the world Gold traders prefer to use troy ounces to maintain consistency, but when it comes to small amounts of gold, some North American traders prefer grains and pennyweights. For example, 20g or 1oz bars are ideal for those looking to buy physical gold on a regular basis.