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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: shades who wrote (68132)8/12/2006 1:40:11 PM
From: Square_Dealings  Read Replies (2) of 110194
 
Your obsession with discounting the value of gold borders on insanity. Talk about gold bugs being crazed.

Maybe you should read last years U.S. government accounting report which shows that the Federal Reserve took gold receipts as collateral for a loan to the U.S. government.

The US government accounts for gold as an asset. Central banks around the world account for gold as an asset. Obviously they agree it has value.

They didnt take chickens or river rock for collateral dude. You're blowing smoke and its getting old.

sd
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