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To: Red Badger

Yes, but there is another issue.

How much physical gold was there, compared to how much paper was sold? In other words, how many times did one pound of gold get sold to different people?

I suspect that is the problem. There are more claims than there are real gold.


84 posted on 12/18/2011 6:09:37 PM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

Or, maybe the gold was never bought in the first place. They just took the money and used it to cover other losses until the holes were to big to hide anymore....................


90 posted on 12/19/2011 6:26:20 AM PST by Red Badger (Every child should have a meadow to play in..............)
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