Claude, I don't really understand the figures you give. > > 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: ??
I guess, the reserves are not really held as dollars but as US government dollar denominated debt. I should have realized that. > 40% of the US debt is held by foreigners. So it is: some $2.4 > billions... 2.4B is not close to 40% of the previous previous figures (in excess of 700B) ??? > 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. Of the currency in circulation or ??? Best, CCS ------------------------------------------------------- - Virtual Phonecards - Instant Pin by Email - - Large Selection - Great Rates - - http://speedypin.com/phonecard/start.mhtml?af=743 - ------------------------------------------------------- *************************************************** * Craig Spencer * * [EMAIL PROTECTED] * *************************************************** --- 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.
