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Gold Drain at the New York Fed: Where's It Going?
Townhall.com ^ | December 7, 2014 | Mike Shedlock

Posted on 12/07/2014 8:10:04 AM PST by Kaslin

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To: Kaslin

It would appear a lot of foreigners are trying to get their gold back from us while we still have some lights on.


41 posted on 12/07/2014 12:04:56 PM PST by Gritty (The liberal gleichschaltung; get with the program or be flattened by it - Jonah Goldberg)
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To: F15Eagle

Yeah. The “Rip Van Winkle Caper”. While the gold thieves were in suspended animation, gold became worthless. Cool TZ episode.


43 posted on 12/07/2014 1:32:40 PM PST by Right Brother
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To: allendale
It has been a central tenet of the Left that it is nothing more than a metal historically favored by the unenlightened. History has shown they have been wrong.

I know they've said it until they and all "enlightened opinion" turned blue in the face, but they know it's a lie and a con, intended to con the unsophisticated. Stealing gold from those folks by hook, crook, or swindle is a major preoccupation despite the Enlightened Ones' deprecatory mouthings.

44 posted on 12/07/2014 1:39:35 PM PST by lentulusgracchus ("If America was a house, the Left would root for the termites." - Greg Gutfeld)
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To: Kaslin
Gold Drain at the New York Fed: Where's It Going?

Who cares?

What's it good for?

Our money supply sure doesn't need it!

46 posted on 12/07/2014 1:53:27 PM PST by Elsie ( Heck is where people, who don't believe in Gosh, think they are not going...)
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To: KoRn

Latinum is where the SMART money is!

The plain kind; not the gold pressed.


47 posted on 12/07/2014 1:55:05 PM PST by Elsie ( Heck is where people, who don't believe in Gosh, think they are not going...)
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To: upchuck
Indeed!

China bought up 50% of the world's supply!!!

China has 50% of the world's population.

48 posted on 12/07/2014 1:56:38 PM PST by Elsie ( Heck is where people, who don't believe in Gosh, think they are not going...)
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To: sten

Yogi says...

It’s a Wonderful Life all over again!

Welk just repeats awunnerful awunnerful


49 posted on 12/07/2014 1:58:30 PM PST by Elsie ( Heck is where people, who don't believe in Gosh, think they are not going...)
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To: DesertRhino

I got land, you’ve got gold.

Now what?


50 posted on 12/07/2014 2:00:48 PM PST by Elsie ( Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Oatka

Nixon?


51 posted on 12/07/2014 2:01:30 PM PST by Elsie ( Heck is where people, who don't believe in Gosh, think they are not going...)
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To: F15Eagle
Smokey and the Bard....

Smokey and the Bard....

53 posted on 12/07/2014 2:54:37 PM PST by Elsie ( Heck is where people, who don't believe in Gosh, think they are not going...)
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To: F15Eagle

Oh, I see.

http://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard


54 posted on 12/07/2014 2:56:16 PM PST by Elsie ( Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Vendome
We lost some lawsuit to China, over gold and their reward is a about $1 trilion dineros.

The only source I can find on that is on a bunch of nutter websites. I think that would be the biggest story of the decade if it were true.

55 posted on 12/07/2014 3:01:43 PM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: Kackikat
FDR called in gold during the Great Depression, although it was mostly voluntary

Anything done because they risk prosecution otherwise can not really be voluntary.

56 posted on 12/07/2014 3:10:14 PM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: grumpygresh
The US treasury might still have the gold somewhere, but creditors may already have a lien on it.

Creditors?

57 posted on 12/07/2014 3:13:36 PM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: Straight Vermonter

http://www.forbes.com/sites/greatspeculations/2013/04/05/governments-still-heavy-handed-80-years-after-fdrs-gold-confiscation/

What I meant was no one went door to door and collected it at gun point, it was basically voluntary although ordered.


58 posted on 12/07/2014 3:16:21 PM PST by Kackikat
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To: Straight Vermonter

The US treasury might still have the gold somewhere, but creditors may already have a lien on it.

Creditors?

Yes, the US is a debtor nation, the largest in recorded history; yes, the US has creditors.

I’m sure you can name a few, so give me some examples.


59 posted on 12/07/2014 3:40:13 PM PST by grumpygresh (Democrats delenda est. President zero gave us patient zero.)
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To: Elsie
Should have been more precise: in 1971 - the unilateral cancellation of the direct convertibility of the United States dollar to gold.
60 posted on 12/07/2014 3:45:56 PM PST by Oatka (This is America. Assimilate or evaporate.)
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