2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 371.65

-1.1%

Nov 17 4:00 PM EST

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To: TobagoJack who wrote (86563)	1/28/2012 7:08:38 PM
From: GoldBull no bug here	Read Replies (2) of 217844

interesting you should post that - I just sent this email out regarding Chapman's oil/gold conversion for India/China and Iran - ballpark figures, but eyeopening - did I screw up? "1 million barrels at $100/barrel = $100 million per day. At current prices, we’re talking almost 60 thousand ounces of gold per day = roughly 2 tons of gold per day. " "if China and India spend 2 tons of gold per day for crude oil" WORLD OIL CONSUMPTION - The IEA forecasts the world will use 91 million barrels of oil per day in 2012 WORLD GOLD PRODUCTION - 2 500 tonnes in 2010 LETS USE 100 MILLION barrels oil/day for round number sake SO THE WORLD NEEDS 200 TONS/DAY of GOLD 200 tons x 365 DAYS = 73,000 TONS of GOLD per year. Am I way off on my numbers and conversions????? I luv it..... someone just pulled the lynch pin out of the whole world economic system.

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