[e-gold-list] Re: ECB has injected another EUR 47.7 Billion today

[Patrick Chkoreff]

AnyGoldNow wrote:

> As this is equivalent to about USD 284 Billion / 
> 423.5 Million Ounces of gold, or 13,172 Metric Tons) at today's rates, 
> and as the ECB is **supposed to** have "30% gold backing for the Euros",
> I have sent the ECB an e-mail asking them to explain how / where they 
> got over 5 years of Total Annual World wide gold mine production ...
> in 3 days.


Hey, don't be so hard on them, they only have to buy 30% of the next 5
years' production to keep their backing.

So if they pick up 127 million ounces or so, say within a week, they'll
be fine, no worries.


-- Patrick

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