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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: RealMuLan who wrote (37291)7/30/2005 12:59:29 AM
From: regli  Read Replies (2) of 110194
 
Looking at the gold backing of the dollar, I came up with approximately 1.7% for M2 and 1.1% for M3 assuming 8,000 tons (are these short tons?) and a gold value of $426 per troy ounce.

Looking at the corresponding figures of Switzerland (46%, 39%) this is quite sobering. Are these low U.S. figures in the ball park or am I missing something?
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