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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Frank Pembleton who wrote (15327)7/8/2002 3:22:49 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 36161
 
friend at home has old buddy at US Federal Reserve
this guy lives in my apartment complex, nice guy, bright
he is well aware of the financial markets, currency, gold
he told me on Friday that he has an old buddy working at the US Federal Reserve in NewYorkCity

believe me when I say I perked up bigtime upon hearing that
I asked what his buddy does at the Fed
the guy said he works as a banker type (vague)
apparently the buddy in NYC Fed told this guy that the Federal Reserve has sold off over 40% of the nation's gold
this has happened over many years

he knows because he sees the paperwork, he sees the trucks hauling gold around
he also said that the USA is now shipping gold to Germany
I asked if that was for Germany to sell
he said yes, probably

interesting, I was flabbergasted that just two persons away was some eyewitness account
I asked if the buddy thought a gold derivative event was months away, as in a scandal
the guy said his buddy doesnt see how one can be avoided
I asked if the buddy saw some Enron accounting going on
he said "absolutely"
leased and sold gold is still showing up as Fed-owned gold on the accounting books, when it is really not in the vaults

wow, close to home
not making this up
gonna talk to this guy again very soon
we ended up talking about the dollar, economy, gold, interest rates, and the gold squeeze coming someday
he is aware of the Gold Scam game

/ Jim