A.I.M. Users Bulletin Board

[karw]

Hi All,

In the meantime, IMF data shows that China and emerging markets have accumulated $4.8 trillion (£3.1bn) in foreign reserves
http://seekingalpha.com/article/200630-the-greek-debt-crisis-lehman-2-0?source=feed

Somewhere I read that the total amount of gold is a cube with each side being 18m. Let's take 20m, that makes it a volume of 8000 cubic meters. The density of gold is 19300 kg per cubic meter, so we have 19300*8000 = 154400000 kg gold. Let us say that 1kg = 37000 US$ then we have 154400000*37000 = 5.7 Trillion US$.
That is the value of all the gold in the whole world.

It is easily seen that all money in the whole world is not covered by all gold in the whole world.

The UK alone could have a debt in the order of 2 Trillion pound.
http://www.guardian.co.uk/news/datablog/2010/apr/25/tax-receipts-1963

It seems to me that GLD is a good candidate for an AIM-(HI?) machine.

Kind Regards,K