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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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.
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Buying gold online is just as secure as any other transaction you make over the Internet provided that you are dealing with a reliable company. Learn more about how and where to buy gold safely.
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A common sense strategy may be to allocate no less than 5% of your portfolio to cash, and many prudent professionals may prefer to have at least 10% to 20% on hand. In general, I always recommend having about 5% of your net worth in cash or cash equivalents.
Is Physical Gold a Good Long-Term Investment?
Gold has long been seen as a store of lasting value and a safeguard against inflation. However, over the long haul, both stocks and bonds have generally outpaced the rise in the price of gold.
