Wednesday, May 26, 2010

The Natural Price of Gold

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"If all the reported Fort Knox gold was re-valued at $36,000 per ounce, it would pay off all the debt in the US."

-- Ben Davies, CEO of Hinde Capital, CNBC Interview, 26 May 2010


Another way of looking at this is that the dollar is overvalued by a factor of about thirty.
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