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<p>[QUOTE="calcol, post: 7530588, member: 77639"]The U.S. gold reserves are 8,134 metric tons. The largest by far of any country. About equal to the next three combined (Germany, Italy!, France). (Reference is usfunds.com). There are 32,151troy ounces in a metric ton. At $1,800/ounce, the total value is $471 billion. That’s a lot until you look at the U.S. M1 money supply, which is about $18.7 trillion … it’s increased enormously over the last year. So, if you’re in the U.S., not very much of your cash, savings, checking, etc. is backed by gold ... but you pretty much knew that. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 7530588, member: 77639"]The U.S. gold reserves are 8,134 metric tons. The largest by far of any country. About equal to the next three combined (Germany, Italy!, France). (Reference is usfunds.com). There are 32,151troy ounces in a metric ton. At $1,800/ounce, the total value is $471 billion. That’s a lot until you look at the U.S. M1 money supply, which is about $18.7 trillion … it’s increased enormously over the last year. So, if you’re in the U.S., not very much of your cash, savings, checking, etc. is backed by gold ... but you pretty much knew that. :( Cal[/QUOTE]
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