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$1,391.7 gold futures

Deutsche Bank Is Crashing Again: Why One Hedge Fund Expects Much More Pain For European Banks, page-85

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23skidoo

2,731 Posts.

107

12/04/16

15:24

Post #: 17483681
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Originally posted by cncventure ↑

Also worth keeping in mind with $6T of foreign US Treasury holdings a price of $5000 to convert USD to gold would give the rest of the world the ability to completely drain the US of all its gold reserves...

US Gold reserves: 8133 tonnes = $1.3T (if gold is @ $5000)

...so not sure that would be such a wise move for the US. I get the feeling China and Japan would take that deal in a heartbeat.

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And if gold was revalued to US 70,000 per oz, the US could completely pay off its 20 trillion external gov't debt!!
(Providing it's still in Fort Knox, as they say)
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