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

To: Crimson Ghost who wrote (69269)9/21/2007 12:00:04 PM
From: Tommaso  Respond to of 116555
 
>>>For example, in early 2007, foreign central banks alone held some two and a quarter trillion in U.S. dollars reserves, which represented about 66 percent of their total official foreign exchange reserves, with a bit more than 25 percent being held in euros.<<<

So every time the dollar index drops 1%, those banks lose $22,500,000. Meanwhile, any gold reserves they may have left are up 25% over the past 12 months.


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