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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (131238)	9/19/2008 3:31:26 PM
From: rubbersoul	Read Replies (2) \| Respond to of 313569

How will this affect gold? Gold to the moon?

To: pogohere who wrote (131238)	9/19/2008 5:40:17 PM
From: E. Charters	1 Recommendation Respond to of 313569

Exactly what we needed. Make the US into a housing project. EC<:-}

To: pogohere who wrote (131238)	9/20/2008 12:23:18 AM
From: roofgoat1	Read Replies (1) \| Respond to of 313569

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."

To: pogohere who wrote (131238)	9/21/2008 4:40:34 PM
From: pogohere	Respond to of 313569

from The Privateer Market Letter, referenced here: Message 24974345 "There is only one thing wrong with this report. While the Exchange Stabilisation Fund (ESF) was set up in the early 1930s using the paper "profits" made by the Treasury when President Roosevelt devalued the US Dollar from $US 20.67 to $US 35.00 per ounce of Gold, the "requirement" for the ESF to hold Gold was negated when President Nixon divorced the US Dollar from Gold in August 1971. At present, the ESF accounts show a holding of just under $US 50 Billion - a derisory sum in present circumstances. Not one penny of this amount is held in Gold."