I'm in the midst of excavating a water drainage trench around my new home site so I don't have much time to write, but as I promised, here's a few thoughts.
1) Is Henry, "The Hammer" Paulson about to have his Norman Lamont moment? Norman Lamont was Britain's Chancellor of the Exchequer when the GBP fell out of the ERM.
Watching Gold trade these days I get the feeling (and it is nothing more) that the US$ is about to suffer a substantial fall, (which implies many commodities would jump in price) in the face of intervention that gets swamped. $630 seems to be a line in the sand on Gold.
2) Google: Market Cap is currently north of $150B. Theoretically one could trade Google for 238 million oz. of Gold, or more than 6,600 tonnes (long). If "The Hammer" has his Norman Lamont moment at least we could trade Google for all the IMF Gold (or any other single central bank holding).
3) Google: a monetary unit of measurement - The military just asked Congress for about 1 Google to fight the wars in Iraq and Afghanistan. Thus far the US has spent a bit more than 3 Googles on the war.
I feel better already.
Have a Happy Thanksgiving