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Old 05-15-2011, 07:09 PM   #246
baja
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Quote:
Originally Posted by Arkie View Post
If the Fed backed the entire M2 money supply with all the gold reserves in the treasury, it would make gold about $35,000/oz.
And that is a total estimate because the Fed stopped publishing the M2 amounts a couple of years ago so almost nobody knows the true amount which is akin to a licence to create free money.
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