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

To: Jim Willie CB who wrote (15339)	7/8/2002 4:55:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to 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

To: Jim Willie CB who wrote (15339)	7/8/2002 8:57:24 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

["the guy in my apartment complex made a distinction between this Fed NYC gold and the national reserves in Fort Knox.."] ...what he meant to say was (VBG): "...they've already shipped 80% of all the Gold Reserves from Fort Knox to the Federal Reserve in NYC over the last few years and now that the Fed has loaned/leased all of that out abroad... with the last hoarde going to the Bundessbank... that the Fed is sweating that the last and final available tap of Fort Knox will be needed before they can turn the economy around and cap the POG move - which is the global barometer on the account deficit, foreign repatriation and continued dollar decline..." tic - toc GOLD: Foi est Tout~