Yes, it is a suck it and see.The chart for silver gets interesting if the above plays out.
Quick recap: In 1900 the US went on a rampage to collect and store gold. The act of repricing it in 1935 was to balance the UST. Various amendments to the FedRes Act, creating the IMF, par value act in 1972 and the eventual final reserve total (gold oz's) that is now popular requires a price north of USD$3,400 to make the UST historically whole on the current monetary base of about $4Trn in fiat. China per capita remains 1/5th sup par on PPP to US and could/should/would be considering repeating the successes of the US using a similar reserve formula ... now some 100 years later.
China, India, and Brazil could/should be interested in using trade surplus with OECD's to shore up there own financial systems IMHO.
Anyhow, not worth arguing the toss until mid Dec numbers come in.
rms next stop 2 cents, page-5
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