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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning -- Ignore unavailable to you. Want to Upgrade?

To: Bill J. Landis who wrote (93)	4/19/1998 8:20:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 888

Re: Value of Gold Well, one way we could look at it is that most(all?) paper currencies are no longer linked directly to gold or silver, so there is no need for gold to be held in volume equivalent to that of the value of the currency units in circulation. If for some reason we have a currency crisis that leads to the changeover to currencies backed by gold, then as a very rough indicator could we not divide the total $ value of all currency in ciculation and divide it by all of the above ground gold? Any comments regarding the following? 1. Current total value of money in circulation 2. Value of gold if we move back to the gold standard According to Marcus Angelicus: "It must be remembered that there are 3.8 billion ounces of gold in the world and the supply is increasing by 1.75% each year (probably less for the next few years due to mine closures), whereas there are 5,300 billion US dollars in the world and the supply is increasing by 9% each year." $5,300B/3.8B ounces = $1,392/ounce This includes only gold backing of the dollar. If we add in all other currencies, then we would have a figure far north of gold's current value. COMMENTS PLEASE. THC