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Re: Bullwinkle post# 4521

Monday, 05/30/2005 2:19:02 AM

Monday, May 30, 2005 2:19:02 AM

Post# of 217834
Ok it says the USA has the most of any country in the central bank "valuts," I'd personally like to know where these central bank vaults are located, but anyways I decided to do some math.

8,139 tonnes = 287,094,775.9 ounces of $GOLD...

287,094,775.90 x $418.80 = $120,235,292,146.94

I have a problem believing that the $GOLD the U.S. central bank vaults have in its possession are only valued at 120.24 billion dollars. Microsoft execs could literally get together and buy the entire $GOLD reserves of the U.S. central banks... it almost has me 2nd guessing my math, but I highly doubt the calculator is wrong, I think the human valuation of $GOLD relative to U.S. dollars is a bit out of whack!



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