Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: Re: As good as gold
3
Jul 12, 2009 08:14PM

money, so assuming that all that sovereign debt was cashed in today (minus future pension/health benefits)...

i.e. no one wanted the US$ (or any other fiat currency) in return for debt owed to them...they actually demanded "gold reserve"

that would mean that gold was currently worth 28X the current POG...roughly $26,000oz

i guess "value" is a relative term...

Share
New Message
Please login to post a reply