08-08-2011, 09:37 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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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.
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