> On 16 Jan 2002, at 0:42, SnowDog wrote: > > ... Let's say that the Euro is backed by 15% of its value in gold.
Can anyone give me a definition of this? Let me state it this way. Let E be the total number of euros in circulation. Let G be the number of troy ounces of gold reserves. Find P, the percentage of euros E "backed by" the gold G. If I had this formula, then for a given E and G I could verify that P was at least 15%. Without the formula, I have no way of knowing P. Maybe the answer is VERY obvious and I'm just being EXTREMELY dense. That does happen sometimes. Regards, Patrick Chkoreff --- 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.
