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To: chartseer who wrote (46043)	2/13/2013 8:35:14 AM
From: GROUND ZERO™	Respond to of 222792

I wonder if it's even possible anymore... and what would that mean for the price of gold itself today? GZ

To: chartseer who wrote (46043)

2/13/2013 8:50:54 AM

From: expiredoptions

1 Recommendation Read Replies (1) | Respond to of 222792

RE: That ship has sailed because enough Gold doesn't exist to cover the debt of 20 nations.
There isn't even enough gold to cover just the US debt:

It has been estimated that all the gold mined by the end of 2011 totaled 171,300 tons. At a price of US$1900 per troy once, reached in September 2011, one ton of gold has a value of approximately US$61.1 million. The total value of all gold ever mined would exceed US$10.4 trillion at that valuation.

U.S. NATIONAL DEBT CLOCKThe Outstanding Public Debt as of 13 Feb 2013 at 01:45:51 PM GMT is: