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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: dybdahl who wrote (4340)2/16/2008 1:51:11 PM
From: Paxb2u  Read Replies (1) | Respond to of 71456
 
What gold? I thought they loaned (in order to get around required legislation to sell gold)a lot out to bullion banks @ ridiculously low rates. Then the bullion banks sold it in order to expand there cash base to create more & more mortgage and credit derivatives to sell all over the world. ---Peaceb2u



To: dybdahl who wrote (4340)2/16/2008 3:02:17 PM
From: Tommaso  Respond to of 71456
 
It's not the "Fed's gold." The Fed does not deal in gold.



To: dybdahl who wrote (4340)2/17/2008 9:11:38 AM
From: Tommaso  Respond to of 71456
 
>>>The Fed's gold gives the dollar trustworthiness<<<

If you mean that it induces ignorant and uninformed people to place confidence in the currency, you may be correct. I discovered some time back that the assistant director of an honors program at a respectable state university believed that the dollar was fully backed by the gold at Fort Knox.


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