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Fed Earmarked Gold Holdings Continued to Decline In October

Commodities / Gold and Silver 2014 Nov 30, 2014 - 12:51 PM GMT

By: Jesse

Commodities

Nemo debet esse judex in propria causa.

Earmarked gold at the Federal Reserve dropped 42 tonnes for the month of October as foreign countries repatriate their gold.

Despite these declines the Fed's earmarked holdings are quite substantial to say the least.

One has to wonder why the German people are not able to get back their gold for seven years.


Why would the US raise such a fuss about returning it, if they still have over 6,000 tonnes of other people's gold in their accounts?

Are they 'managing' this gold held in custody? Are they receiving and sharing returns from it? Or is it just idly sitting their in storage?

Is it all still physically there, and unemcumbered by multiple claims?

Something does not quite add up. Let's check the latest audit. The Fed does not allow itself to be subject to independent audits. They demand our trust.

"Justice must not only be done, but must be seen to be done."

They are independent of the law, and beyond good and evil.

Related: Simon Johnson, The Federal Reserve's Escape From New York


By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In plewis

roviding information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

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Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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