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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (610)	2/5/2003 11:42:44 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 1210

short of a new gold-backed dollar, nothing but before such a drastic effective solution is deployed just to give an idea how far we are from a gold-backed dollar... US has 261 million oz gold 261 x $381 (POG) = ~$99.4 BILLION M3 money supply (dollars in circulation) = $8.5 trillion percentage of gold backing US dollars in circulation = $99.4BB/$8.5TT = 1.169% to have gold-backed dollar, we need to increase gold holdings 85-FOLD AND STOP INCREASING M3 (currently rising at 7.5%). or reduce dollars in circulation by 98.2%. detailed analysis of James Turk's "fear index": custom.marketwatch.com{9484AA97-D085-480C-B9C6-85DDFBD936D2}