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<p>[QUOTE=&quot;fatima, post: 1355862, member: 22143&quot;]The central bankers don&#039;t let the peons use gold and silver for currency.&nbsp; A litany of legal tender laws legislated into existence have seen to that.&nbsp; However the central bankers must perform currency transactions with each other.&nbsp; They all know the worth of the confetti they produce so they use other currency, including gold.&nbsp;&nbsp; These transactions are not subject to public review as they are protected under the Fed&#039;s secret &quot;monetary operations&quot; but occasionally they tip their hand as they have done with the Iranian central bank.&nbsp;&nbsp; </p><p><br /></p><p>Generally there is honor amongst thieves so when they make these transactions between themselves, there is no physical movement of actual gold.&nbsp; Instead they make ledger changes of allocated gold held in numerous large vaults around the world.&nbsp; These include London, France, NY, Tokyo.&nbsp;&nbsp; Interestingly most of Germany&#039;s gold is held in NY.&nbsp;&nbsp; The story was that it was put there to protect it from the Soviets lest they take the gold upon successfully invading W. Germany during the cold war, and it was never returned.&nbsp; </p><p><br /></p><p>The action against Iran is particularly interesting because I would assume the central bankers didn&#039;t want to do it.&nbsp; It highlights exactly why the &quot;honor&quot; system doesn&#039;t work and why Chavez got his gold out of London.&nbsp;&nbsp; As bad as this makes things sound, such as war is coming, it&#039;s nothing but good for gold holders.[/QUOTE]</p><p><br /></p>

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