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

To: andiron who wrote (76729)	12/27/2006 12:35:27 PM
From: Mike Johnston	Respond to of 110194

US treasury is bankrupt, it depends on new money issuance to balance its books.

To: andiron who wrote (76729)	12/27/2006 1:12:57 PM
From: NOW	Respond to of 110194

i see...then how do you explain this:http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID667551&cmd=show[s26818710]&disp=P

To: andiron who wrote (76729)	12/27/2006 3:16:47 PM
From: regli	Respond to of 110194

"i believe US treasury holds 80-85% of gold in the world." You are off by miles. These are officially reported gold reserves: en.wikipedia.org 1 United States 8,133.5 2 Germany 3,427.8 3 IMF 3,217.3 4 France 2,892.6 5 Italy 2,451.8 6 Switzerland 1,290.1 ... GLD alone holds another: streettracksgoldshares.com Total Gold in Trust: Tonnes: 452.01 From the same Wikipedia article: "Gold reserves (or gold holdings) are held by central banks as a store of value. At the end of 2004 central banks and official organizations held 19 percent of all above ground gold as a reserve asset. In 2001, it was estimated that all the gold ever mined totalled 145,000 tonnes. ..." If we make it simple for ourselves and use the 145,000 tons as the total above ground supply then the U.S. holds 5.6% of the above ground supply.