they state that there is estimated to be 5.2 billion ounces of gold in circulation. Way smaller than my estimated 10 billion ounces.
NIIIIICE!!!!!!
So if 1 trillion buys 1 billion ounces at $1,000 an ounce, it would take some 5 trillion to corner all the gold. Very doable. Anyway, if gold goes to my $8,000 an ounce the value of all gold would then be times 6 billion ounces = 48 trillion dollars. I think that is fair. What do you think is the amount of currency or value of assets based on paper floating around out their? This appreciation in gold could make 5 trillion dollar deficits seem smaller and payable. The central banks own large amounts of the stuff. Would that not be good for the banks?
According to gld prospectus....
Started by
cgnx
, Oct 01 2008 12:32 PM
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#1
Posted 01 October 2008 - 12:32 PM
If it can be cornered, it will.