Posted 6/24/2010 21:21 (#1249383 - in reply to #1249257) Subject: Re: Jim Richter, interest rates, Gibson's Paradox and gold
Pittsburg, Kansas
350 billion worth of gold, if the price goes up ten times to 10-12 thousand an ounce that would be three and a half or four trillion dollars worth...........bout enough to cover one years deficit spending. The US may have the most, but it don't amount to much in the scheme of things.