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

To: Sam who wrote (22350)10/27/1998 6:04:00 PM
From: dwight vickers  Respond to of 116753
 
How much will gold have to rise for it to even approach the levels of U.S. debt?

Not to mention the unfunded liabilities that may approach 2X the current debt.

I don't have the exact number of ozs. in Fort Knox at my fingertips, but saw it recently and did some quick figuring. It came to a paltry number, well under $100 billion if memory serves*.

Dwight (*it doesn't always)



To: Sam who wrote (22350)10/27/1998 6:18:00 PM
From: Enigma  Read Replies (1) | Respond to of 116753
 
Sam - the mystery to me is the daily trading of physical gold in the London market. As has been posted here before the daily trading level is huge - it would be very interesting to be a fly on the wall there for a few days. When one hears of a central bank selling 200 tons it seems huge - but this sort of thing is easily taken in stride by the market. E


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