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<p>[QUOTE="fatima, post: 1366025, member: 22143"]This is an interesting swag at it. It assumes the US has all the gold that it claims to have which is ~260,000,000 ounces. (Note that the sale of gold coins does not come from this supply) It assumes the best measure of available currency is M2 and I will use the number published by shadow stats. </p><p><br /></p><p>[table='head']</p><p>[tr]</p><p> [td]<b>Year End</b> [/td]</p><p> [td]<b>M2</b>[/td]</p><p> [td]<b>Gold Price/oz</b>[/td]</p><p> [td]<b>Increase</b>[/td]</p><p>[/tr]</p><p>[tr]</p><p> [td]2007[/td]</p><p> [td]$7.50T[/td]</p><p> [td]<b>$28,409</b>[/td]</p><p>[/tr]</p><p>[tr]<i></i></p><p><i> [td]2008 - QE1[/td]</i></p><p><i> [td]$8.25T[/td]</i></p><p><i> [td]<b>$31,250</b>[/td]</i></p><p><i> [td]+10.0%[/td] </i></p><p><i></i>[/tr]<i></i></p><p><i>[tr]</i></p><p><i> [td]2009[/td]</i></p><p><i> [td]$8.50T[/td]</i></p><p><i> [td]<b>$32,197</b>[/td]</i></p><p><i> [td]+3.03%[/td]</i></p><p><i>[/tr]</i></p><p><i>[tr]</i></p><p><i> [td]2010 - QE2[/td] </i></p><p><i> [td]$8.75T[/td]</i></p><p><i> [td]<b>$33,144</b>[/td]</i></p><p><i> [td]+2.94%[/td]</i></p><p><i>[/tr]</i></p><p><i>[tr]</i></p><p><i> [td]2011[/td]</i></p><p><i> [td]$9.70T[/td]</i></p><p><i> [td]<b>$36,742</b>[/td]</i></p><p><i> [td]+10.9%[/td] </i></p><p><i>[/tr]</i></p><p><i>[/table]</i></p><p><i><br /></i></p><p><i>i.e. Money supply increased by 29.3% in just 4 years. </i></p><p><i><br /></i></p><p><i>This very simple look at the situation is probably why an increasing number of states are looking to address the issue. This is a time bomb with very little time left on the clock. Very bullish for gold but unfortunately will end up destroying most every other kind of paper investment. Remember, if you don't hold it, you don't own it.</i>[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1366025, member: 22143"]This is an interesting swag at it. It assumes the US has all the gold that it claims to have which is ~260,000,000 ounces. (Note that the sale of gold coins does not come from this supply) It assumes the best measure of available currency is M2 and I will use the number published by shadow stats. [table='head'] [tr] [td][b]Year End[/b] [/td] [td][b]M2[/b][/td] [td][b]Gold Price/oz[/b][/td] [td][b]Increase[/b][/td] [/tr] [tr] [td]2007[/td] [td]$7.50T[/td] [td][b]$28,409[/b][/td] [/tr] [tr][i] [td]2008 - QE1[/td] [td]$8.25T[/td] [td][b]$31,250[/b][/td] [td]+10.0%[/td] [/i][/tr][i] [tr] [td]2009[/td] [td]$8.50T[/td] [td][b]$32,197[/b][/td] [td]+3.03%[/td] [/tr] [tr] [td]2010 - QE2[/td] [td]$8.75T[/td] [td][b]$33,144[/b][/td] [td]+2.94%[/td] [/tr] [tr] [td]2011[/td] [td]$9.70T[/td] [td][b]$36,742[/b][/td] [td]+10.9%[/td] [/tr] [/table] i.e. Money supply increased by 29.3% in just 4 years. This very simple look at the situation is probably why an increasing number of states are looking to address the issue. This is a time bomb with very little time left on the clock. Very bullish for gold but unfortunately will end up destroying most every other kind of paper investment. Remember, if you don't hold it, you don't own it.[/i][/QUOTE]
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