Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: palmer
But a more meaningful comparison might be the 8133 tonnes in official U.S. holdings

If those are metric tonnes, that'd be about 286,883,116.7 ounces. At Friday's close of around $626, that's about $179,588,831,054. Do you think that'd be enough money supply for our economy?

133 posted on 07/09/2006 7:51:17 AM PDT by Toddsterpatriot (Why are protectionists so bad at math?)
[ Post Reply | Private Reply | To 129 | View Replies ]


To: Toddsterpatriot

No. There would have to be a huge increase in the gold price and a corresponding price deflation, making it very impractical to changeover.


136 posted on 07/09/2006 8:29:34 AM PDT by palmer (Money problems do not come from a lack of money, but from living an excessive, unrealistic lifestyle)
[ Post Reply | Private Reply | To 133 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson