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Gold Drain at the New York Fed: Where's It Going?
Townhall.com ^
| December 7, 2014
| Mike Shedlock
Posted on 12/07/2014 8:10:04 AM PST by Kaslin
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To: Straight Vermonter
No. Actual story.
I know one of the attorney’s on the case.
I’ll try to find it later.
61
posted on
12/07/2014 3:49:03 PM PST
by
Vendome
(Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
To: grumpygresh
How much gold of any type is owned by the US population at large?
The reason I ask this is because if there is an international call for all Gold owned by non US countries to be returned to those said countries...and that gold is found missing, would not a desperate US government attempt to shake down the domestic populace for the gold (right down to wedding rings and heirloom jewelry)?
62
posted on
12/07/2014 4:03:34 PM PST
by
mdmathis6
("trapped by hyenas, Bill had as much life expectancy as a glass table at a UVA Frat house party!/s)
To: Kaslin
I cannot believe that rational human beings still believe that their currency that they use in everyday commerce has ANYTHING to do with the pretty, malleable METAL called gold...who the hell cares???????
63
posted on
12/07/2014 4:10:03 PM PST
by
terycarl
(common sense prevails over all)
To: Elsie
Indeed! China bought up 50% of the world's supply!!! China has 50% of the world's population. I say let China have it all...then it would be totally worthless other than for its use in industry.....then we could offer $1,000 per ton for the pretty metal...
64
posted on
12/07/2014 4:21:06 PM PST
by
terycarl
(common sense prevails over all)
To: mdmathis6
“... and that gold is found missing, would not a desperate US government attempt to shake down the domestic populace for the gold (right down to wedding rings and heirloom jewelry)?”
Maybe. Like the Nazis took gold teeth from the Jews in the death camps. I sort of doubt this would happen as long as there is a functioning 2nd amendment. Too many people would hide their gold, others might give gold plated zinc fakes (yes you can buy these), and then run. Others would give them lead; center body mass or to the head.
65
posted on
12/07/2014 4:47:23 PM PST
by
grumpygresh
(Democrats delenda est. President zero gave us patient zero.)
To: allendale
It has been a central tenet of the Left that it is nothing more than a metal historically favored by the unenlightened.LOL! Even accepting that premise, there never has been a shortage of 'unenlightened' people, so gold will retain value.
66
posted on
12/07/2014 9:58:38 PM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: Kackikat
What I meant was no one went door to door and collected it at gun point, it was basically voluntary although ordered.Like our moderate, voluntary Federal Income taxes; right?
MAke him an offer he can't refuse.
67
posted on
12/08/2014 1:31:17 AM PST
by
Elsie
( Heck is where people, who don't believe in Gosh, think they are not going...)
To: grumpygresh
I’d like to which nation is NOT a debtor.
68
posted on
12/08/2014 1:31:59 AM PST
by
Elsie
( Heck is where people, who don't believe in Gosh, think they are not going...)
To: Oatka
the unilateral cancellation of the direct convertibility of the United States dollar to gold.Even more:
...to then be given to other countries.
69
posted on
12/08/2014 1:32:52 AM PST
by
Elsie
( Heck is where people, who don't believe in Gosh, think they are not going...)
To: mdmathis6
... would not a desperate US government attempt to shake down the domestic populace for the gold (right down to wedding rings and heirloom jewelry)? No; we'd merely default on our payments; just like a multitude of countries HAVE DONE TO US.
70
posted on
12/08/2014 1:34:14 AM PST
by
Elsie
( Heck is where people, who don't believe in Gosh, think they are not going...)
To: terycarl
I agree! (at least on THIS point ;^)
71
posted on
12/08/2014 1:34:52 AM PST
by
Elsie
( Heck is where people, who don't believe in Gosh, think they are not going...)
To: Smokin' Joe
What costs MORE than gold now per ounce?
72
posted on
12/08/2014 1:35:51 AM PST
by
Elsie
( Heck is where people, who don't believe in Gosh, think they are not going...)
To: Elsie
Of more readily traded commodities, Rhodium, meth, and Cocaine come to mind...
73
posted on
12/08/2014 2:37:22 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: blam
Almost off-topic heads-up here. WTI oil price is $62.70 at the time of this comment. Future is $62.54.
74
posted on
12/08/2014 3:56:25 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: familyop
Thanks.
I read sometime back that if oil prices go below $75 a barrel and stay there for any length of time that the world economy would collapse.
Collapse?
I think the slow crash we're already in is causing the oil price to deflate...anyway, what do I know.
75
posted on
12/08/2014 10:46:48 PM PST
by
blam
(Jeff Sessions For President)
To: blam
"I read sometime back that if oil prices go below $75 a barrel and stay there for any length of time that the world economy would collapse.
Collapse?
I think the slow crash we're already in is causing the oil price to deflate...anyway, what do I know. "
You know what's happening. Well said. Also, with the current oil price war, producers are tapping each other out. That is, many of them are depending on loans to keep going, and investors can only stand certain amounts of risk. If it keeps up, production will slow, possibly with much higher oil prices in the future.
76
posted on
12/09/2014 2:56:57 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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