Message:

<p>[QUOTE=&quot;Info Sponge, post: 1016756, member: 20538&quot;]On the Federal Reserve web site, their balance sheet lists as an asset gold receipts for about 260 million ounces, acquired from the Treasury at $42/oz. <a href="http://www.federalreserve.gov/monetarypolicy/bst_table10popup.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.federalreserve.gov/monetarypolicy/bst_table10popup.htm" rel="nofollow">http://www.federalreserve.gov/monetarypolicy/bst_table10popup.htm</a> :&nbsp;&nbsp; Now, that&#039;s not the clearest thing in the world to non-experts, and I reserve the right to have misunderstood it.&nbsp; &amp;quot;$11 billion&amp;quot; is what the value would be at $42/oz.&nbsp; Finding this out kind of surprised me. When I first heard about it it sounded like another piece of loudmouth nonsense, to be filed with &amp;quot;tungsten&amp;quot; and &amp;quot;100:1 leverage&amp;quot;.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in