Ann: RC drilling recommenced at Currans North, page-11

we are all reading about gold us $10,000 a ounce , here is theory behind it ,

Alternatives to greenback

"I'm not trying to shock anybody, I'm not looking for publicity. There is a very solid methodology behind that number."

He said the base money supply in US, England, Japan, Europe and China is about $US24 trillion. Additionally, there are 33,000 metric tonnes of official gold, or gold owned by entities like central banks.

"What percentage of gold backing do you need for confidence in a gold-backed currency? It's a judgment call but I use 40 per cent."

Working backwards, that 40 per cent gold weighting leads to $US9.6 trillion of gold-backed base money, which then infers a price of roughly $US10,000 an ounce.

good theory

be on the bus

10.5c silly