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closed 10 oz 2022 Koala
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closed 18ct white gold chain
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closed Sugar skull 999 fine
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Live Gold Price Au Current Price £1,853.08 Live Change 0.03% £+0.41 Live high £1,853.08 Live low £1,852.68 Create Price Alerts Sign In or Register Now Period -
It's not their money, they don't give a terrible. They are nowhere to be seen when the SHTF. -
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All to help the newly (then) started Euro - that we got no thanks for. And the sale auctions totally incompetently managed, pre-informing the markets of the amounts/times. Perhaps that's Scots/Labour for you, alongside other greats such as Sturgeon (do more harm than good). Oh look, they've just reappointed yet another failure (Sweeney). -
By Hidden (Premium Content) · Posted
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The Fed are only lent the gold, from the Treasury who own it. Non redeemable gold notes at $42.222/ounce for economic management purposes. The Fed are also the custodians, and I'd expect that the Treasury would have practices in place to reassure any of its concerns in that respect.
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Each bar was assayed and sealed, the seals are periodically checked. Replacing those bars with gold plated tungsten/whatever bars would entirely undermine the entire US and global financial system, and would require the seals to be broken and the bars physically exported. Each head of treasury would be inclined to at least independently check random samples or otherwise be at risk of being the one left holding the bomb as it exploded. I most certainly would, not that I'd ever be in such a position. As such I opine that the gold is there, but accept others may disagree and if so, the next Treasury head might blow the whistle that end the world as we know it. What about the UK, the second largest holder in the world (5000 tonnes). Much of which it doesn't own, is the safe keeping custodian, do you believe those bars are fake/non-existent? Another factor is that even at the recent high gold price levels that still 'only' amounts to half a trillion dollar value which in the scale of 35 trillion debt is relatively trivial/insignificant. Yes a lot, but in the scale of things not worth the 'fraud'.
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By HerefordBullyun · Posted
Whether they hold or own 8000 tonnes, I will still wager they dont... theres been no physical proof of this since the gold standard was erased. It's like the fed hasn't been audited for years.... You know the saying if you believe your government then your an idiot...
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