[Lonesome in Massachussets]

Countries thought that their gold was safer in New York than in vaults in their home countries. Not so much anymore. Thanks, Barry.

[allendale]

Gold will remain a valuable and important source of stability as long as rational people want it and accept it as payment for goods and services. 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.

[grania]

Do the feds have any legal obligation to keep a minimum amount of gold and/or silver? If not, is the US dollar backed by nothing? Is there an inventory of how much gold the gov actually has?

[ROCKLOBSTER]

Gold Drain at the New York Fed: Where's It Going?

Well, let's see....are there any democRATic-socialists in New York?

[Vendome]

Far as I know, it’s going to China.

We lost some lawsuit to China, over gold and their reward is a about $1 trilion dineros.

[upchuck]

If you believe that guy on the radio, China has all the gold and the price is set to skyrocket.

Yeah.

[sten]

I believe this is known as a “vote of no confidence”

itll get interesting when people start to realize there isn’t enough in the vaults to cover the demand

[Diana in Wisconsin]

Gold bug Ping!

[CPT Clay]

It went to the Netherlands.

[Bluestocking]

China, being a dictatorship, does not publish how much gold it has. And the U.S., also being a dictatorship, refuses to allow the people’s representatives in Congress to determine how much gold it has.

But we do know that Russia is buying large amounts of gold — and why shouldn’t it, since it’s been using its falling rubles to pay for much stronger gold deposits from its domestic producers?

And we also know that India, the world’s second-largest user of gold, which also has the second-largest population in the world, just repealed its ban on gold imports.

Gold will go up when investors understand these facts, just as most dot.com companies’ stocks fell in 2000 when investors finally understood the weakness of those companies. Patience.

[rdcbn]

Back in the day, a rise in the price of Gold was considered an indictor of inflation.
As part of Alan Greenspan's plan in the late 90’s and early 2000 time frame to keep extremely low interest rates for an extended period of time, Greenspan used the sale of Fed gold reserves at very low prices to manipulate and depress the price of Gold to keep gold prices at their historically low rates to eliminate criticism that his low interest rates were driving inflation and short circuit pressure to rise the Fed policy interest rate at the time.

[blueunicorn6]

Nobody trusts Obama and the Democrats.

[silverleaf]

why wouldn’t the world trust a country run by an imcompetent black marxist affirmative action boob and his behind-the-scenes marxist globalist wealth spreading handlers?

[blueunicorn6]

It’s a good thing Hillary and Obama invaded LIBYA and got Qadaffi’s gold for us. I’ll bet they sent it all to Fort Knox.

[ripley]

“Whers’s It Going?”

Probably into the hands of insider Progressives who will weather the economic storm well, thank you.

(The scu&bags never cease to amaze.)

IMHO

[Yollopoliuhqui]

Here’s a new and irritating way to understand why gold has value.

The Money Masters

https://www.youtube.com/watch?v=Dq9yjt_JbWs

[Jet Jaguar]

Goldbug ping.

[xp38]

Watch this guy

[GraceG]

The Annunaki are back from outer space and they want their gold...

[Gritty]

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