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Gold/Mining/Energy : Gold Price Monitor
GDXJ 120.00+2.0%Dec 22 4:00 PM EST
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To: Henry Volquardsen who wrote (12786)6/9/1998 4:11:00 PM
From: Michael  Read Replies (1) of 116822
 
Henry,

There was an article in the Economist recently that put a figure of 13 Billion $ as the amount of US Dollars that circulate outside of the US system. They refer to it as seigniorage?. I understood it to mean dollars that are used as money in a foreign economy and are unlikely to be ever spent in the US.

While 13B is not chump change, I would not have thought the figure all that big in the total scheme of things.

Are we talking about the same thing?

Michael
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