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Strategies & Market Trends : Beat The Street With SI Traders

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To: No Mo Mo who wrote (32260)3/9/2010 11:09:47 PM
From: Cogito Ergo Sum   of 233807
 
As I understand it official world gold holdings are about 29,633.9 tonnes (1000KG ?) containing 32,150.72 troy ounces each tonne.
usagold.com
usagold.com
gold.org

so that gives 952751221.408 ounces @ say 1125US/oz goldprice.org
giving 1,071,845,124,084 dollars (about 1.07 trillion) which is less than half of China's foreign reserves (approx 2.4 trillion)
todayonline.com

Interesting... Even if China tried to pull a Hunt Brothers on the gold market.....
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