Jump to content
House Price Crash Forum
Sign in to follow this  
lowrentyieldmakessense(honest!)

Us Debt Problem Solved

Recommended Posts

I priced the US federal reserve's gold at around 244 billion dollars. Did I do that right?

8000 tons * 1000 = 8,000,000 kilos = 8,000,000,000 grams = 257,205,973 troy ounces * $950 = 244,000,000,000.

The banking system is short about $1.8 trillion...

Does that mean gold is going to $7K???

Share this post


Link to post
Share on other sites
I priced the US federal reserve's gold at around 244 billion dollars. Did I do that right?

8000 tons * 1000 = 8,000,000 kilos = 8,000,000,000 grams = 257,205,973 troy ounces * $950 = 244,000,000,000.

The banking system is short about $1.8 trillion...

Does that mean gold is going to $7K???

about 6-7k ish to balance against dollar deposits - but tis a moving target

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   296 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.