The Black Vault

capricorn wrote:Well, it's getting pretty close now. And once it breaks $2,000, the chains are off.

From Bloomberg:
Gold to Gain to $2,000 on Money Printing, Deutsche Bank Says
http://www.businessweek.com/news/2012-1 ... -bank-says

The US dollar is no longer the worlds reserve currency, ..... gold is traded in us dollars ... but the world reserve currancy's Australia & Canada are amongst the world largest producers of gold.

The U.S dollar is lower then the Australian & Canadian dollars ... so gold is currently trad around $US1650 dollars an ounce. but only 1500 dollars an ounce Australian / Canadian. ...... still a far cry from $ 2000 dollars an ounce.

& yet even if the gold price one-day exceeds $2000 dollars an ounce U.S ..........

That's still only 1700 dollars Australian/Canadian.

$2000 U.S is not what it once was.

rath wrote:

capricorn wrote:Well, it's getting pretty close now. And once it breaks $2,000, the chains are off.

From Bloomberg:
Gold to Gain to $2,000 on Money Printing, Deutsche Bank Says
http://www.businessweek.com/news/2012-1 ... -bank-says

The US dollar is no longer the worlds reserve currency, ..... gold is traded in us dollars ... but the world reserve currancy's Australia & Canada are amongst the world largest producers of gold.

The U.S dollar is lower then the Australian & Canadian dollars ... so gold is currently trad around $US1650 dollars an ounce. but only 1500 dollars an ounce Australian / Canadian. ...... still a far cry from $ 2000 dollars an ounce.

& yet even if the gold price one-day exceeds $2000 dollars an ounce U.S ..........

That's still only 1700 dollars Australian/Canadian.

$2000 U.S is not what it once was.

All true,
except China is the world largest producer of gold, Australia is 2nd. ....However, most of the world's gold is owned by the USA and kept in the USA. Australia doesn't even hold that much so even if we went back to a gold standard; you still would not be a very wealthy nation

capricorn wrote:All true,
except China is the world largest producer of gold, Australia is 2nd. ....However, most of the world's gold is owned by the USA and kept in the USA. Australia doesn't even hold that much so even if we went back to a gold standard; you still would not be a very wealthy nation

Catch up ....

A/. all the gold the usa holds ( getting less & less every second ) is owned by other nations.

B. you would not have a clue how much gold Australia holds . ( Australia does not publish that information ) It does not need to unlike the usa.

c. Australia is the worlds second largest producer of gold by who's definition.

Australia is the largest producer by the fact Australia's mining company's are the top two global mining company's in the world.

BHP Billiton & Rio Tinto.

& By the fact most of Australia's gold is produced in Australia. From Australian deposits.

While China produces almost 90 percent of it's gold outside of China .... Mostly Australia & Africa.

So almost half if not more, of China's gold is mined in Australia.

You really got stop getting your fact's from 9 year old kids. on Wikipedia & Google.

oh I am very caught up... just not in your bull$sh*t

rath wrote:all the gold the usa holds ( getting less & less every second ) is owned by other nations.

wrong, even if we gave all nations their gold back, we STILL would own the most gold in the world.

rath wrote:Australia is the largest producer by the fact Australia's mining company's are the top two global mining company's in the world.

BHP Billiton & Rio Tinto.

Wrong again Rath... Barrick and Gold Corp (Both Canadian Companies) are the largest gold producers. Followed by a USA company. Then its the Aussies

BHP Billiton doesnt even rank in the top producers of gold.

Here is a quote from thier own website. I hope this is a credible source for you.

BHP Billiton wrote:We are among the world’s largest producers of major commodities, including aluminium, copper, energy coal, iron ore, manganese, metallurgical coal, nickel, silver and uranium along with substantial interests in oil and gas.

http://www.bhpbilliton.com/home/aboutus ... fault.aspx
LOL they dont even mention gold!

Here is a gold production chart (by country) from a source which Im sure you'll personally discredit for some dumb reason

Country............2011...............2010

1. China...............380...............341
2. Australia...........272...............260
3. US...................243...............236
4. South Africa........221............... 209
5. Russia...............205...............197
6. Peru.................156...............163
7. Ghana...............102...............92
8. Canada...............101............... 91
9. Indonesia.............97...............128
10. Mexico...............82...............72

World production.....2,789...............2,638

http://www.mining.com/top-10-gold-produ ... derground/

Like I said, Aussies are #2, nothing to scoff at though, good for you. Its just a shame that the Chinese are taking all your gold.

rath wrote:B. you would not have a clue how much gold Australia holds . ( Australia does not publish that information ) It does not need to unlike the usa.

fine, so you dont even have a leg to stand on in terms of the amount of gold you have becuase you simply do not know