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Strategies & Market Trends : Strictly: Drilling II
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To: Jim Willie CB who wrote (15339)7/8/2002 4:55:00 PM
From: Joan Osland Graffius  Read Replies (1) of 36161
 
Jim,

Since the Fed is a private corporation we have no idea what is going on. I do not know if any of the member banks have a larger or smaller ownership or if the gold is shared equally by the members. I would think the bullion banks would have a larger ownership of the gold, but who knows. Heck we don't know what is held there or for whom. I agree this structure is an opportunity for things to get out of hand.

Fort Knox is another subject. As we know some accounting changes with the holding complex at West Point is interesting. <g>

Joan
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