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 Post subject: the actual money stock (base) with gold.
PostPosted: Mon Mar 20, 2017 2:15 am 
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The travel market has grown to be a huge percentage of our economy with motels and hotels increasing in excellent numbers. Even although there is less travel taking spot recently, most larger chains are however doing nicely. Some smaller impartial companies are suffering, particularly in the off of season. You will be capable of make use of the ideas in this post to assist you help save some income, when consuming the vacation of your dreams. Gold Is Golden June 26 puma rihanna creepers pink , 2012 | Author: matthewmcclifford | Posted in Finance
Global uncertainties abound: geopolitical, financial, and economic.


The aforementioned is a strong underlying driver for a more stable medium of exchange. The confluence of these events suggests $4,000 gold (per ounce) by 2020 seems more probable.


I recently added a significant position in gold and gold mining assets to my portfolio.


Financial engineering wreaked havoc with our financial system during the past three decades. Rather than acting as a catalyst to enable productive endeavors, finance metastasized into a machine that simply transferred enormous wealth while adding little value to society.


It was enabled by a fiat currency that could be produced at virtually no cost. The Federal Reserve Bank can expand its balance sheet assets by $2 trillion digitally, by pressing a button: no need to deforest rihanna creepers restock ,
produce pulp, manufacture paper, and print currency.


Money creation is justified when it creates significant value for society. Gold can effectively serve as the fulcrum for this process. Gold is rare, not easily mined (produced), and it has functioned as a proxy for currency exchange historically. Some say we don’t have enough gold to back all the money in society.


This may not be the case.


The global money stock (M0, in economic jargon) represents the physical currency in circulation and the excess physical reserves held at banks. This amount totals roughly $4 trillion. The total money supply (M3) adidas nmd womens pink , which includes credit issued by financial institutions, is nearly $60 trillion. Hence, the money stock is 115 of the total money supply. This amount of money supports a global GDP (income) of approximately
$60 trillion.


Imagine that we merely focus on backing the actual money stock (base) with gold.


The World Gold Council estimates 30,500 tonnes are held in reserve by world governments (of the nearly 160,000 total tonnes mined in history – the balance of 130,000 tonnes is primarily held in the form of jewelry and industrial products). At the current price of roughly $1 adidas nmd mens black ,400 per ounce, the total market value for all gold reserves is $1.37 trillion.


If the price of gold tripled, the value of these reserves would approximate the money stock of $4 trillion, and the price per ounce would be more than $4,000.


Is it reasonable to expect the price of gold to triple?


Currently, the United States holds 73.9 percent of its foreign currency reserves in gold adidas nmd runner for sale , while China holds only 1.7 percent. China has nearly $2.85 trillion in reserves, with only $50 billion in gold. Recently, they purchased a.


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