ozzy43

Need Gold? Check Your Fed Holdings

Why does anyone bother responding to poster 'short gold' anymore? Except to chuckle at the boneheaded mistakes in math and logic he always makes, of course.

Regarding the gold constituting "77% of U.S. central bank reserves" - hilarious. That gold was leased out to bullion banks and sold on the private market to keep gold prices depressed. This is the story per Gary North anyway:

www.lewrockwell.com/no...

I have no way of knowing the truth, but it certainly fits with all of the other fraudulent activities of the criminal gang that is the Fed.

How would one go about verifying that 8k tons of gold is actually in the physical possession of the Fed? My guess is this was looted a long time ago, one reason they need to resort to the crass bailout scam being rammed through Congress as we speak.