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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: rdww who wrote (6779)	1/26/1998 11:04:00 AM
From: philv	Read Replies (1) \| Respond to of 116760

rdww: ratio of gold in reserve/$US Total money = including cash, bonds & other debt paper 1940, gold holdings were 38% of Total money Also had double the amount of gold in reserves Gold was valued at $35./ounce 1997, gold holdings/Treasury debt = 1.57% gold valued at $320./ounce The 1997 figure is national US debt only, not including cash, State debt, private debt, unfunded liabilities etc. I have seen the figures in respect to cash ($US) only, but do not have them at hand. Interestingly there is much more $US cash floating around the world outside the US than at home. US gold reserves are worth about 83.84 Billion dollars. All CB holdings are worth $352 Billion dollars (@320./oz) There is much more US cash than all the gold in all the banks. (Articles from Privateer July 13/97) Phil Phil