The bet you had with Bob could have easily gone either way over such a short time period. It wasn't a blow out by any stretch.
Also, gold isn't the only asset a country possesses. It is a common medium, but bonds can easily be asset backed. As far as what I am using for my gold reserves and/or money supply, it was outlined in my post "for argument sakes." No one has complete knowledge of who owns what.
The accuracy of my numbers is not the sticking point. It is the arbitrage that is the elephant in the room for reconverting back to the gold standard.
