So, we get back to navel gazing re the possible agenda of the U.S. Admin. and ultimately, a new gold-backed currency...or gold certificate-backed currency as per Jim Sinclair.

Let's seeeee, from my very basic doodling I figure 8,000 metric tons of gold in U.S vaults (all "stealthily" and illegally swapped, loaned, sold etc.) is about 282 million ounces. I wonder how much gold the U.S. public has squirreled away in all and sundry forms such as coins, wafers, bars, jewelry etc.? Then there are all the ETFs plus whatever residual there is in bank vaults and a few gold toilets and sink fixtures. Would that add up to 8,000 tons yet or are the rabble being cleverly encouraged to accumulate until the/a magic number is reached? How long indeed?

The Fed already has gold certificates against the Treasury. There have been mumblings about revaluing gold from $42/ounce to market. what will the magic market price be? Then that market price can be leveraged say, 20 to 30 times. Of course, somehow, all that above mentioned gold would have to be in the Fed's/Treasury's hands. So, have the plans for building the bridge back to a gold-backed U.S. currency of sorts been in place for the last 30 years or more? When does the golden axe fall? What will "they" do about silver?

The spin would be that all U.S. citizens would be compensated for the greater good of all and that the economy could once again be resurrected on the base of a solid currency. But, what about all those derivatives?

Just some passing thoughts of the day.