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Politics : Gold and Silver Stocks and Related Commentary

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To: seventh_son who wrote (4586)	1/30/2005 4:02:14 PM
From: goldsheet	Read Replies (1) of 18308

<figuring that US official gold was worth less than 1% of the paper money outstanding> That number is VERY incorrect. US gold reserves worth about $110 billion Currency in circulation is about $755 billion Gold reserves equal about 15% of currency in circulation. Gold: ustreas.gov (remember gold is on books at $42.2222 per fine troy ounce) Currency: research.stlouisfed.org

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