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Re: FinancialAdvisor post# 171

Tuesday, 05/09/2006 2:33:48 PM

Tuesday, May 09, 2006 2:33:48 PM

Post# of 24249
The current value of all the gold in the world approximates $2.5 trillion. US gold which is supposed to approximate 261 million ounces is worth roughly $135 billion. We say “supposed to” because the gold hasn’t been audited for a very long time and with all the gold leasing that has gone on over the past 20 years it is very unlikely that everyone is still holding the gold they claim. Comparing this with the US only M3 money supply - $10 trillion and the world bond market - $35 trillion, and gold would have to appreciate over 18 times or $9306 per ounce...

... Jason Hommel of goldismoney.com uses the M3 figure of $10 trillion and divides it by the 261 million ounces and comes up with $38,314 per ounce which I believe will ultimately be closer than my two conservative targets.

http://www.thundercapital.com/gold_at_fahrenheit_451.htm
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