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Nettles said:
nanarchy said:


100 tons of gold doesn't even cover this months payments. I am sure the IMF and ECB would happily accept gold if they had enough.


You should recalculate.

(100 tons=Troy Oz) 2 916 666.67 x 1051.60 (EUR price per Oz)


nope, you need to.

that comes too  3,067,166,670.17 Euros

 

They owe

IMF 1.5 billion Euros today and the ECB 3.5 billion Euros July 20, hence no they don't have enough gold to cover this months payments, they are about 80-90 tons short