To: beaver fever
There certainly is enough gold to cover all the debt.
It only depends on one thing.
The price of gold.
37 posted on
12/16/2005 2:06:07 AM PST by
djf
(Bush wants to make Iraq like America. Solution: Send all illegal immigrants to Iraq!)
To: djf
No you are wrong.
As one mining executive told me: "You could take the all the capital invested in the world's gold industry and throw into Walmart and it would bounce around like a pea in a penny whistle."
There is not enough gold, silver or platinum to back the world's fiat currencies.
Money is just religion by another name.
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