Gold -For howlong?

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Can anybody tell me about the Gold reserves with various countries and Potentials of Gold Mines.

2006-07-22 18:55:21 · 2 answers · asked by Anonymous in Social Science ➔ Economics

2 answers

Well, the general thing is we've switched to a floating currency. Basically meaning that the amount of gold reserves, at least in most modern day countries, has a limited importance, in regards to currency. The amount of gold in reserves no longer determines the strenght of a currency.

2006-07-23 06:19:43 · answer #1 · answered by Terry W 1 · 0⤊ 0⤋

You're best to look at the various schools of Mines in each country to find out how much is believed to be located therein.

2006-07-24 04:52:12 · answer #2 · answered by Veritatum17 6 · 0⤊ 0⤋