jasonxctf Posted July 16, 2010 Share Posted July 16, 2010 if these numbers are correct, and this is from October 2009.... The US currently holds 261,499,000 fine troy ounces in its reserves. US International Reserve Position, US Treasury The amount today would be approximately $8,000 per troy ounce. 261,499,000 x 8,000= $2.09 Trillion http://jessescrossroadscafe.blogspot.com/2...ave-in-its.html Link to comment Share on other sites More sharing options...
southsider2k5 Posted July 16, 2010 Share Posted July 16, 2010 QUOTE (jasonxctf @ Jul 15, 2010 -> 09:44 PM) if these numbers are correct, and this is from October 2009.... The US currently holds 261,499,000 fine troy ounces in its reserves. US International Reserve Position, US Treasury The amount today would be approximately $8,000 per troy ounce. 261,499,000 x 8,000= $2.09 Trillion http://jessescrossroadscafe.blogspot.com/2...ave-in-its.html How is that right? Gold is a fraction of that price. Spot gold is about $1200 an ounce. Link to comment Share on other sites More sharing options...
EvilMonkey Posted July 16, 2010 Share Posted July 16, 2010 Plus, if you dump that much gold at one time you will depress the price severely with that much on the market at once. Link to comment Share on other sites More sharing options...
CrimsonWeltall Posted July 16, 2010 Share Posted July 16, 2010 QUOTE (southsider2k5 @ Jul 16, 2010 -> 04:03 AM) How is that right? Gold is a fraction of that price. Spot gold is about $1200 an ounce. Cash4Gold just offered the US $124.81 for it's gold reserves. Link to comment Share on other sites More sharing options...
mr_genius Posted July 16, 2010 Share Posted July 16, 2010 QUOTE (CrimsonWeltall @ Jul 15, 2010 -> 11:43 PM) Cash4Gold just offered the US $124.81 for it's gold reserves. haha Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted July 16, 2010 Share Posted July 16, 2010 QUOTE (Alpha Dog @ Jul 15, 2010 -> 11:07 PM) Plus, if you dump that much gold at one time you will depress the price severely with that much on the market at once. Gold is absurdly overbought as it is, so frankly if I'm the US government, I might consider selling some it now. Link to comment Share on other sites More sharing options...
Balta1701 Posted July 16, 2010 Share Posted July 16, 2010 QUOTE (NorthSideSox72 @ Jul 16, 2010 -> 08:57 AM) Gold is absurdly overbought as it is, so frankly if I'm the US government, I might consider selling some it now. Really, it would be an intelligent, counter-cyclical move, which I'd like. Link to comment Share on other sites More sharing options...
jasonxctf Posted July 17, 2010 Author Share Posted July 17, 2010 QUOTE (NorthSideSox72 @ Jul 16, 2010 -> 12:57 PM) Gold is absurdly overbought as it is, so frankly if I'm the US government, I might consider selling some it now. well if they did, you would have to do a slow sell, like the stock holdings in the banks and car companies. Link to comment Share on other sites More sharing options...
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