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Message: some of jim rickards thinking.........

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some of jim rickards thinking.........

posted on Nov 21, 11 02:32PM

Rickards-Flexible Gold Standard Factors 20-Nov-11 10:27 am

Currency Wars...Pg.243

Flexible Gold Standard Factors Implied Price Of Gold
(as of April 2011)

U.S. M1 money supply with 40% Gold backing $2,590 per ounce
U.S. MO money supply with 40% gold backing $ 3,337 per ounce
U.S. M1 money supply with 100% gold backing $6,475 per ounce
U.S., China, ECB M1 money supply with 40% $6,993 per ounce
gold backing
U.S. MO money supply with 100% Gold $8,342 per ounce
backing
U.S. M2 money supply with 40% gold backing $12,347 per ounce
U.S. , China, ECB M2 money supply with
100% gold backing $44,552 per ounce

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