| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
WealthCycles: Gold Audit Fails to Discover Who Owns What
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
The U.S. Treasury is auditing the purity of the $21 billion in gold stored in the vault at the New York branch of the Federal Reserve (Fed). It’s stored alongside bullion from three dozen other countries and organizations such as the International Monetary Fund (IMF). The worry is that the gold has been sold multiple times over, or leased out, while custody of the physical metal remains at the Fed.
Of course, the audit fully ignores the concern, and inanely concentrates on purity sampling, as if there were some giant concern that the gold has been replaced with fake bars. Now ,the message is that all is well, and those concerned with repledging of assets should shut up and go away.
2012-08-08 17:13:17
Source: http://silveristhenew.com/2012/08/08/gold-audit-fails-to-discover-who-owns-what/
Source:
