On 15 Jan 2002, at 19:54, Craig Spencer wrote: > I wonder: just what is the relative magnitude of dollars held as > reserves by governments and the private dollar float?
Central banks have in T-Bills and bonds: Japan $400B+ China $200B+ Other tigers: $100B+ I think Europe: ?? 40% of the US debt is held by foreigners. So it is: some $2.4 billions... Currency in circulation is probably less than $50-$100B. I'd say that Central bank reserves are at least 50% if not 75%. It is a guess.. But I feel it is a good one. --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
