News Focus
News Focus
icon url

downsideup

10/26/11 2:23 PM

#10482 RE: SOUTHPEN #10470

Well, the science could easily be wrong. The "science" isn't a proof of anything, just a guess with a label tacked on to it intending to make you value it more than you probably should... but, what the science is saying is that we've got roughly half the gold there is already, with that being "the easy half" to get.

I expect there will probably be some future discoveries made that will alter that picture a bit... but, even with an order of magnitude in error, that's still obviously well enough in the ballpark of there being a "fixed supply".

The gold supply certainly is "fixed" relative to the supply of dollars in any case... and future ounces will cost more to get than already found ounces.

Still haven't seen that anyone's even attempted a proper rationalization of the real impact of re-monetization.

The U.S. debt is one "measure of dollar obligations"... and there are other methods you might add, to try to come up with a figure for "how many dollars" there "should be" with a fixed reference standard applied to them ?

Where should the derivatives risks and obligations fit in that picture ?