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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: pogohere who wrote (67711)8/16/2007 4:11:22 PM
From: daveinmarinca  Read Replies (2) of 116555
 
Re "Gold never is money."....boy, someone better inform the central bankers about this....they sure buy and sell a lot it. Seems to me bullion acts as the Central Bankers' ultimate BIS.

Also, the IMF seems to be interested....It turns out the International Monetary Fund is also asking its member countries, including the US, to provide information on precious metal reserves. According to GATA, the Federal Reserve has not published an audit since 1955. < kitco.com >.
When they open up the vaults at Fort Knox, they'll probably find a pile of dusty IOUs from GS :<)
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