View Single Post
Old 08-08-2011, 09:37 AM  
Barry-xlovecam
It's 42
 
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
147.2 MILLION ft knox
225.1 MILLION ny fed vaults
372.3 MILLION @ $1,700.00 OZ



632,910 MILLION* 1,000,000

$632,910,000,000.00

$632.91 BILLION

$14,459 BILLION US DEBT

That is about 4.38% of the current US Debt.

Gold held figures used: http://en.wikipedia.org/wiki/United_...ion_Depository

So, all the goldbug talk of a gold backed currency just went up in smoke ...

Want someone to blame: FDR and Richard M Nixon, they took us off the gold standard (read all about yesterday's news). FDR revoked the domestic redemption of US Currency for gold. Nixon revoked the international rights of redemption of US currency in gold by foreign governments.

Barry-xlovecam is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote