Does this figure of 650 Billion include both, paper and book money?
I mean, how exactly would they calculate the book money in "circulation"
when billions are zipping around globe every second?
Sure at the end of the day American banks are supposedly reporting their
stashes, but what about the for
The present quantity of gold would be adequate to support a global gold
standard.
The ratio of gold held by banks to bank deposits can give an indication of
the adequacy of gold. If the gold held by banks was 50 000 tonnes and the 5
000 000 tonnes, that is a metal reserve ratio of 1%. If the opt
Dear George,
I think one of the strong reasons against asking the
government to put the dollar back on a gold standard
is the issue of price fixing. Fixing the price of gold
is the same as having a gold standard.
The problem was much worse back in the day when the
Congress decided (1792) to have
George Matyjewicz wrote:
Why not return to the gold standard? One of the major issues with
this premise is the fact that there simply isn't enough gold in
existence to back all currencies with gold. At the end of 2001, it is
estimated that all the gold ever mined amounts to about 145,000 metr
George Matyjewicz wrote:
Why not return to the gold standard? One of the major issues with this
premise is the fact that there simply isn't enough gold in existence to
back all currencies with gold. At the end of 2001, it is estimated that
all the gold ever mined amounts to about 145,000 me
--
On 6 Jan 2003 at 10:59, Robert S.Z. wrote:
> Hello everyone,
>
> There are rumours that Ez-BUCKS.co.uk made a run with their
> client's deposits
Ez-BUCKS offers 200% interest for 30 days deposit, which works
out as 409600% a year.
If they have not run away with their clients funds when you
http://www.forbes.com/markets/newswire/2003/01/06/rtr837930.html
Breaking News
GLOBAL MARKETS-Gold hits 6-year high, oil off peaks on war fears
-
>
> Interesting. I just had another thought. Let's say all the central banks
> suddenly decided to back their currencies with gold. Now, when they go
> into the market to buy gold, how do they pay for it? Damn, that one's got
> me stumped!
>
> -- Patrick
> http://fexl.com
They offer to exc
I would take exception to the statement; "This means the value of gold
has to increase to match the backing of currency."
The U.S. Dollar denominated price of Gold certainly changes, but it is
the U.S. Dollar (or any fiat money) that is losing value (inflation and
negative sentiment), rather th
At 12:14 PM 1/6/2003 -0500, George Matyjewicz wrote:
Hi:
I'm researching a paper and came across some interesting stats. Can
anybody verify and/or comment?
Why not return to the gold standard? One of the major issues with this
premise is the fact that there simply isn't enough gold in exist
Guys,
When I deposit/transfer dollars to my e-gold account which rate does
e-gold use to calculate the amount in equiv ounces and grams I have?
SV
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Hi:
I'm researching a paper and came across some interesting stats. Can
anybody verify and/or comment?
Why not return to the gold standard? One of the major issues with this
premise is the fact that there simply isn't enough gold in existence to
back all currencies with gold. At the end of 2
Hello everyone,
There are rumours that Ez-BUCKS.co.uk made a run with their client's
deposits and one of our clients is wondering if that is true and if so if
anyone knows anything about the people who operated the site - especially
where they are hosted?
Seems they are using a free DNS service an
Regarding [EMAIL PROTECTED] Sat, 04 Jan 2003 11:22:25 -0500
Subject: [e-gold-list] Re: [dgc.chat] New DGC - VirtualGold
IAN: I thought the statement about gold backing was a little bit dubious,
as e-gold is accounted for in troy ounces, not grams, although it is also
spendable in units of grams an
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