Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Petronski
paper gold -forward sold- deep storage gold-magic mystery gold
14 posted on 01/22/2004 4:24:29 PM PST by joesnuffy (Moderate Islam Is For Dilettantes)
[ Post Reply | Private Reply | To 9 | View Replies ]


To: joesnuffy
paper gold -forward sold- deep storage gold-magic mystery gold

My guess is Fort Knox gold. U.S. "swapped" gold with Bundesbank and then sold that gold on the open market during the past two years. That way there was no net effect on the U.S. balance sheet (which they refuse to allow to be audited).

Now, I'm betting, the Bundesbank is starting to sell off the swapped gold, which is physically coming from Fort Knox (and the vaults under Republic Nat'l Bank in N.Y). Again, the purpose is to prevent a run on the dollar, and by extension, the Euro.

After all, gold is not priced in dollars, as most Americans think. Instead the dollar is priced in oz. of gold. When gold goes up in price, it is saying that the value of the dollar (and Euro) is going down, that's all.

Get gold. It's the real money and it's not subject to inflation.

23 posted on 01/22/2004 6:56:09 PM PST by Siegfried (Only remaining Freeper that has not read the "Al Quaeda plans to attack NY, Wash, and LA" thread)
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson