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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (5486)4/11/2006 2:54:35 AM
From: ackerrj  Read Replies (1) | Respond to of 219600
 
>>Re: Gold prices - A price of about 3,000 per ounce would every US paper dollar is backe 100% by gold

Energyplay -- How do you get to this number ($3000/oz)?

Are you considering only currency in circulation and demand deposit accounts? M1, M2, M3?

Are you including all US dollar denominated governmt debt (on and off budget)?

I have heard much bigger numbers... Just would like to review the math <grin!>.

RJA



To: energyplay who wrote (5486)4/11/2006 12:13:18 PM
From: TobagoJack  Read Replies (1) | Respond to of 219600
 
but what about all the money of japan, china, ... ?


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