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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Taikun who wrote (42529)12/9/2005 4:48:53 PM
From: John Vosilla  Respond to of 116555
 
Your $4k/oz number jives with the five fold increase in money supply since 1980 when gold was $800/oz. I posted that 4k figure earlier today on Russ Credit Bubble board<g>



To: Taikun who wrote (42529)12/9/2005 11:16:13 PM
From: regli  Respond to of 116555
 
And what would happen if you added Euro Dollars into the equation. At some time these are bound to largely return to their home base as well and the affect will be quite dramatic or even traumatic.



To: Taikun who wrote (42529)12/10/2005 2:28:17 AM
From: TobagoJack  Read Replies (5) | Respond to of 116555
 
<<Take US M3 at 10trl, for example

Divide by the total number of gold ounces know to exist on the planet, 4.8bn...call it 5bn.

$2000/oz

I wonder what the cumulative value of all the developed nations' M3 divided by 5bn is? Even if the US M3 is up to half the global M3, you get $4000/oz.>>


suspect US M3 may be 1/4 of global M3, and all growing at 10+% per annum, so gold at 10k easy :0)



To: Taikun who wrote (42529)12/11/2005 4:24:44 PM
From: 8bits  Read Replies (1) | Respond to of 116555
 
Have you seen Paul Van Eden's calculations for what the price of gold "should be".

kitco.com

kitco.com

kitco.com

kitco.com

kitco.com

Series of articles that traces Gold's price from when the US was on the Gold standard to now. He comes up with a figure of around $800.