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<p>[QUOTE=&quot;fatima, post: 1455558, member: 22143&quot;]US Treasury Bonds are claims on future taxes paid by indentured US taxpayer enforced by the law enforcement arm of the US government.&nbsp; To the banker, this is the next best thing to gold.&nbsp;&nbsp; </p><p><br /></p><p>If gold is archaic, then they sure spend a great deal of money protecting what gold they have.&nbsp; Ft. Knox is protected by an entire US military Army base, and the Federal Reserve has its own expensive vaults buried in the bedrock below the streets of Manhattan.&nbsp; it seems to me if they simply wanted a reminder, they could hang a photo of some gold in the lobby.&nbsp; It would be much less expensive.</p><p><br /></p><p>In regards to backing the US gold reserves are in fact used in part to back the base money supply of the Federal Reserve.&nbsp; Last time I looked at their balance sheet it was approximately 7,500 tons.&nbsp;&nbsp; This is 218,750,000 troy ounces.[/QUOTE]</p><p><br /></p>

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