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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (37297)	7/30/2005 1:07:51 AM
From: RealMuLan	Read Replies (1) \| Respond to of 110194

>>Are these low U.S. figures in the ball park or am I missing something?<< Not sure what do you mean? Those are the US official figures for all their gold reserve, not ball park. With Greenspan's speed of printing, those 8000 tons of gold is definitely NOT enough to back up the US$.

To: regli who wrote (37297)	7/30/2005 11:51:48 AM
From: jackjc	Respond to of 110194

Well, as far as missing, that could be the gold. Has not had an official audit in over 20 yrs; disturbing. Used to be audited regularly. Just enough for 1 oz per US person. But some goldies have more than their fair share of the US supply. As the US is supposed to have the largest holding, looks like most of the worlds people have almost no chance of holding even 1 oz of gold ever, as population is increasing as fast as gold supply. Even at much higher prices gold can only provide a store of value for a small percentage of the worlds people. The ones who get there first.