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Message: Re: John Embry
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Jan 31, 2010 11:53PM
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Feb 02, 2010 11:20AM
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Feb 02, 2010 11:56AM
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Feb 02, 2010 12:04PM
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Feb 02, 2010 12:12PM

Feb 02, 2010 12:35PM
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Feb 02, 2010 12:46PM

There's one way out of this for the US. They have reportedly 8,133 tonnes of gold in Fort Knox. That's ~261,500,000 ounces with a book value of $42.22 per ounce for a total of $11.04 billion. They just need to revalue their gold by a factor of 1,268 times and that $14 trillion problem is every gold bugs retirement package. Somehow I don't think an ounce of gold will ever be worth $53,256, but you never know what the real value will be. 25 ounces of gold may get you that house next door to Rookie's.

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Feb 02, 2010 05:55PM
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