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<p>[QUOTE="Otter, post: 740424, member: 3464"]The article says "India now has 6% of its reserves in gold compared to the U.S. and Portugal which have 75% and 90% respectively." so I would interpret that to mean that 75% of the US's reserves are in GOLD.</p><p><br /></p><p>In celebration of GLD's anniversary, it was mentioned that they are the 6th largest holders of gold and that 50lbs of gold is a million$. Now thats 50 lbs I wouldn't mind gaining![/QUOTE]</p><p><br /></p>
[QUOTE="Otter, post: 740424, member: 3464"]The article says "India now has 6% of its reserves in gold compared to the U.S. and Portugal which have 75% and 90% respectively." so I would interpret that to mean that 75% of the US's reserves are in GOLD. In celebration of GLD's anniversary, it was mentioned that they are the 6th largest holders of gold and that 50lbs of gold is a million$. Now thats 50 lbs I wouldn't mind gaining![/QUOTE]
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