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To: carranza2 who wrote (85954)	1/16/2012 8:20:03 PM
From: Maurice Winn	2 Recommendations Respond to of 218360

The USA could do a gold standard by itself. <It would have to be a part of a global initiative to somehow institute a gold standard of sorts. > The others would just have to go along one way or another. Mqurice

To: carranza2 who wrote (85954)	1/16/2012 8:49:11 PM
From: KyrosL	1 Recommendation Read Replies (2) \| Respond to of 218360

The combined gold holdings of Germany, France and Italy are greater than the USA gold.

To: carranza2 who wrote (85954)	1/16/2012 11:03:41 PM
From: RJA_	Respond to of 218360

>>Since it would be inordinately favorable to the USA because of our enormous gold holdings, it is doubtful that other countries would go along. C2: You rather credulously assume the US has the gold it says it has. In view of the fact of Clintons failed gold auctions, Greenspans threats to "lease" an ever expanding amount of gold to combat a price rise... and the chart activity of the last 1/2 year (and the paper games) naked shorting played by JPM, etc... And, that the US refuses to let any outside auditor independently audit the gold stash, or even let members of congress visit it (Ron Paul has asked and been refused)... What makes you think they have got what they say they have? And what are the implications if they do not... and that becomes general knowledge?

To: carranza2 who wrote (85954)	1/16/2012 11:13:45 PM
From: RJA_	Read Replies (1) \| Respond to of 218360

1. The confiscation of gold (1932) was way pre Breton Woods (late war, 1940s). 2. Pre 1932 the US was on a gold standard, and gold was in circulation as coinage, along with silver. IMHO there was more gold available to seize in 1932 than now, when gold does not circulate. 3. The amount of gold that could be seized, given its very small level of penetration into the US investing public, would IMHO be very small, and probably not worth the trouble. 4. Not so, of course with the larger ETF's. However the assets of GLD are held in London, and no doubt would be seized by that government, and not this one. I do not think the Brits would let us take it, either. 5. However, anything with government, is possible.