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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (57018)	8/4/2000 9:20:13 PM
From: d:oug	Read Replies (1) \| Respond to of 117011

Bob, Finally I have a question for you that requires only numbers based on facts, and it gets even better, no political or hedge or names or anything actually representing todays changing landscape in the gold market is referenced. Not a trick or hypothetical question either. We can even invoke Ron Reeces parallel universe as the place this takes place. Question: If both Russia and China decided to place into their Central Banks an amount of physical gold into each the same weight as the USA's Fort Knox contains based on the last audit, then is there enough above ground physical gold to do this? The above mention to above ground gold would not include jewerly or precious coins, but only physical gold that exist in coins and bullion bars as a storage of gold to represent its price per ounce. The reference to Fort Knox's gold is a reference to the usa citizens gold, not gold held for others, and it does include all the gold belong to the usa citizens even if some of it is stored elsewhere. Guess thats the first number to know. If by chance not enough physical gold is available above ground to fill Russia's and China's Central Banks to the level of the usa citizen's gold weight, then the next question would be to determine at present days physical gold production you mention various gold companies as actually removing from the dirt, how long with it take if the same rate for jewerly and individual buying remained constant, for the Central Banks to obtain the remainder? thanks doug