It has long been rumoured that there is nothing in Fort Knox except cobwebs and an echo - and maybe cocaine.
Looking at the history of manipulation (ie, suppression) of the gold price by the US government through the COMEX and elsewhere over the last 50 years, it is hard to imagine that any gold the Fed does hold is not rehypothecated to …
It has long been rumoured that there is nothing in Fort Knox except cobwebs and an echo - and maybe cocaine.
Looking at the history of manipulation (ie, suppression) of the gold price by the US government through the COMEX and elsewhere over the last 50 years, it is hard to imagine that any gold the Fed does hold is not rehypothecated to infinity. I wonder how many parties believe they are the sole owner of every bar in the FRB vault?!
It has long been rumoured that there is nothing in Fort Knox except cobwebs and an echo - and maybe cocaine.
Looking at the history of manipulation (ie, suppression) of the gold price by the US government through the COMEX and elsewhere over the last 50 years, it is hard to imagine that any gold the Fed does hold is not rehypothecated to infinity. I wonder how many parties believe they are the sole owner of every bar in the FRB vault?!