Anything
that is
scientifically
possible
and not
ruled
out by
the laws
of
physics,
..
should..
be
possible
in
engineering
terms at
some
point in
the
future.
eitgeist refers to the ethos of an
identified group of people, that expresses a
particular world view which is prevalent at
a particular period of socio-cultural
progression.
TED talks ~
Garrett Lisi
on his
theory of
everything
Brian Cox on
CERN's
supercollider
ONE!
ONE TV
(April 2007)
The One Campaign
Views:
77,777
Comments:
124
_________
`~ nderstanding
`~ GoldReserves `~ Gold
Reserves are held by central banks as a
store of value. `~ In 2001, it
was estimated that all the gold ever
mined totaled 145,000 tonnes.`~One tonne
of gold equated to a value of US$25.75
million as of October 2008The total
value of all gold ever mined would be
$3.39 trillion at October 2008 prices.`~
At the end of 2004, central banks and
official organizations held 19% of all
above-ground gold as a reserve asset. `~About
one percent of all above-ground gold 370
metric tonnes was mined in the first
five years of the California Gold Rush;
$11 billion worth approximately at
July 2008 prices. `~
IMF gold reserves
`~IMF gold reserves refers to 3,217
tonnes of gold held by the International
Monetary Fund. `~ It is currently
priced at $42 a troy ounce ($1,370/kg)
for accounting purposes, a price that
was fixed in 1971 just before the
Nixon administration officially
de-Linked
the U.S. dollar from gold and
instead allowed market forces to set the
dollar's worth. `~ An attempt to
revalue the gold reserve to today's
value has met resistance for different
reasons. For example, Canada is against
the idea of revaluing the reserve, as it
would flood the market with gold and
therefore depress its price. `~ It is
also not clear whether the gold reserve
is the property of the IMF or of member
countries. `~ Privately
held gold
`~ As of September 2008, gold
exchange-traded funds held1,039 tonnes
of gold in total for private and
institutional investors. `~
Officially reported gold reserves
`~ The United States' holding of gold is
worth approximately $241 billion (July
2008). `~ Although the United
States has the largest reserves of
individual countries, in total the
Euro-Zone gold holdings are greater
(11,065 tonnes as of December 2007). `~
`~ _____________
`~
The largest gold
holdings in
tonnes
as reported by the
World Gold Council
can be seen in
the table belo`~w
`~
