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<p>[QUOTE=&quot;fatima, post: 1264978, member: 22143&quot;]Correct.&nbsp; The gold the Federal Reserve is holding has nothing to do with the gold confiscation.&nbsp; It has nothing to do with the Federal Reserve&#039;s balance sheet.&nbsp;&nbsp; Other countries are storing their gold in the Fed vault because it is supposed to be safe there.&nbsp; This is from the official Federal Reserve visitors brochure:&nbsp; </p><p><br /></p><p>(Gold Vault)</p><p><br /></p><blockquote><p><i>&quot;The gold you see in the vault of the Federal Reserve Bank of New York attracts more than 25,000 visitors a year. It is the world&#039;s largest accumulation of gold and belongs to 36 foreign governments, central banks, and official international organizations.&nbsp; Only a very small portion of this gold belongs to the US government. The Federal reserve Bank does not own the precious metal but servs as guardian for the nations and international organizations that choose to leave their monetary gold reserves in the Bank&#039;s custody.&quot;</i></p></blockquote><p><br /></p><p><br /></p><p>The brochure also states that <i>&quot;.....(gold) has always been assigned a role far beyond its value as a commodity.&quot;</i>&nbsp;&nbsp; This should put to rest the people who wish to refer to it as a simple commodity.&nbsp; There is BTW a debate going on in Germany as to why its gold is being held at the Federal Reserve and isn&#039;t actually located in Germany.</p><p><br /></p><p>It&#039;s as I stated above.&nbsp; The Federal Reserve&#039;s gold assets are in the form of gold certificates drawn on the US Treasury&#039;s depository at Ft. Knox.&nbsp;&nbsp; (these days there are also a few other locations)[/QUOTE]</p><p><br /></p>

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