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To: ballsschweaty who wrote (67814)	8/20/2007 9:38:07 AM
From: Bituman	Respond to of 116555

Where do you get the absurd idea the value of US currency is $850 Billion...are you referring to actual paper dollars? The value of US currency is much more than paper dollars in circulation...consider US dollar-denominated investments and securities, including T-bills, stocks, mortgages, x-boxes... on the debt side the US is running a $700 billion per year trade deficit, this on top of trillions in government debt and trillions more in consumer debt. There aren't enough trees in Maine to create the paper to back all that...only a pixilated monitor can handle that task. OTOH, $2 Trillion in gold is...$2 Trillion in gold. My apologies if you can't see the difference. B

To: ballsschweaty who wrote (67814)	8/20/2007 11:43:10 AM
From: forceOfHabit	Respond to of 116555

balls, It's taken 230 years to create $850 billion in U.S. currency. Over that period of time, over $2 trillion in gold has been mined. I'm still laughing. So if hyperinflation and Helicopter Ben's printing presses kick in so that a year from now the supply of paper US currency doubles to $1.7 billion, you will likely be able to redo your calculation and discover that in the last 231 years over $4 trillion in gold has been mined. You will laugh all the way to the supermarket where you will discover that an ounce of gold still buys several weeks worth of food, while that relatively rare paper currency in short supply buys, ummm, not so much. Enjoy. habit