However, the United States lost the account of $8.7 billion in Iraqi funds. After the invasion of Iraq ended, Iraqi oil was sold to help finance the Iraq Development Fund (DFI). 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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Did the US Steal Gold and Oil from Iraq?
The conspiracy theory that the United States stole Iraqi gold and oil is still circulating. Learn more about what really happened in this article.
How Much Gold Should You Own? A Guide to Allocating Your Portfolio
When it comes to allocating your portfolio, the amount of gold and silver you should own depends on your individual situation and needs. Financial professionals recommend investing between 1-20% of your portfolio in precious metals.
Who stole iraq gold?
Scott Schmidt, who was in charge of the 230th Finance Battalion. The battalion's task was to confiscate Iraqi assets, such as currency, gold bars and other valuables.
How much of your wealth should be in gold?
A general rule of thumb is to limit gold to no more than 5% to 10% of your portfolio. Depending on your situation and your risk tolerance, you may be more comfortable with a larger or smaller share of gold in your portfolio.
