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To: Jack Black

Not enough gold.


50 posted on 03/10/2009 1:44:16 PM PDT by 1010RD (First Do No Harm)
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To: 1010RD

Why is any particular amount needed?

The USA has 8,100 tons of gold, or 260,421,047 troy ozs.
The USA has a money suppply (M1) of $1.5 Trillion.
Do that math and you get a price of $5,500 an oz.

It a one time conversion, I don’t see that the price matters.


54 posted on 03/10/2009 3:08:29 PM PDT by Jack Black
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