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Strategies & Market Trends : Ride the Tiger with CD

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To: pogohere who wrote (131238)	9/20/2008 12:23:18 AM
From: roofgoat1	Read Replies (1) of 313740

When doing some research on this Exchange Stabilisation Fund, I see no mention at all of this fund claiming they hold any Gold. "The ESF was created after the Great Depression and uses the US gold reserve as collateral for financial stability." But looking at gov sites summarizing it's assets, I see no mention of gold holdings. Am I missing something? Also, when I search yahoo using - Exchange Stabilisation Fund - I get mention of this ESF being used to shore up Money Markets today. news.yahoo.com "To bolster the slightly riskier $2 trillion in taxable funds, President Bush authorized the Treasury Department to use its Exchange Stabilization Fund to provide guarantees of up to $50 billion for the next year. The exchange fund was created in 1934 to provide support for the dollar."

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