USD Index Drops Below 78.0, First Time Since Mid Dec '08

[ASusilovic]

Quote from Ivanovich:

How old is that article?

Very, very "old". As "old" as Europe is...

 

[Ivanovich]

Quote from ASusilovic:

Very, very "old". As "old" as Europe is...

LOL!

So it was only published in France and Germany, is what you're saying?

 

[Debaser82]

Quote from moarla:

the EURO is backed up by 80% USD, so the question is who is first to fall

Actually the European union has the largest official gold reserves of the world.

http://www.elitetrader.com/vb/attachment.php?s=&postid=2086287

Or there must be more gold in Fort Knox then they'd like us to believe that is.

 

[moarla]

well, i dont know, who has to back up the EURO but i think it is the European cantral bank, not the single nations.
And the ECB has 15% Gold reserves, 70% USD and 15% Yen...
the single nations have more gold, thats correct.

 

[mister_doodi]

Quote from Debaser82:

Actually the European union has the largest official gold reserves of the world.

http://www.elitetrader.com/vb/attachment.php?s=&postid=2086287

Or there must be more gold in Fort Knox then they'd like us to believe that is.

There is the deep storage gold and US hold more gold than the next 2 counties on the list combined but of course less than EU.