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<p>[QUOTE="InfleXion, post: 1264558, member: 29012"]This is making my head spin. To quote Scott Alvarez, Fed lawyer in the video: </p><p><br /></p><p> </p><p><br /></p><p>So the confiscated gold has been transferred to the Treasury, and the foreign gold is not actually owned by them, thus it is true that they own no gold. Yet to say that is a reason they cannot have possibly participated in gold swaps seems like a sleight of hand, since they are holding gold for other nations. Where's the line here? I'm also curious what their recourse is for redeeming those certificates.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1264558, member: 29012"]This is making my head spin. To quote Scott Alvarez, Fed lawyer in the video: So the confiscated gold has been transferred to the Treasury, and the foreign gold is not actually owned by them, thus it is true that they own no gold. Yet to say that is a reason they cannot have possibly participated in gold swaps seems like a sleight of hand, since they are holding gold for other nations. Where's the line here? I'm also curious what their recourse is for redeeming those certificates.[/QUOTE]
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