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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: benwood who wrote (101679)2/26/2009 5:55:33 PM
From: Hawkmoon  Read Replies (3) | Respond to of 110194
 
Madoff taught me that gold lent out by the Treasury, sold or not, may or may not ever come back

So let me make sure I understand you..

The government leases out it's gold reserves and you believe that they will never demand it's return, forgiving that debt of physical gold, thereby depriving it of any direct control over the physical metal?

That doesn't sound like the US government I know so well.. The one that will garnish your wages, or even track you down using it's law enforcement resources, in order to retrieve what it believes it is due.

Hawk