- advertisements -
How can you sell tradition?
I was told tradition is not money.
Well, they have to de-monetize it first...
I'm confused. If Ben says Gold is not money, why must it be de-monetized before it's sold for money? /sarc
An excellent question! I hope Ron Paul get's a chance to ask him that. I'd love to see him squirm while trying to think of an answer. The more Ben talks about it, the more he digs a hole for himself.
Ya, they will sell the kind of gold that Fausto and Juan Jose de Elhuyar found.
Also, "Prepay expenses" looks like a wonderful transfer pricing accounting fudge (turn profits into expenses - normally for the purpose of tax avoidance via regulatory arbitrage)! But I doubt anyone will notice ...
Mesmerizing avatar. Took me a moment to see the small blue circle.
What gold? Got audit?
You don't trust your government?
Doubt they'll be able to sell tungsten at $1600 a troy ounce...
Inasmuch as die Luftwaffe cannot currently hit NY, they can steal Germany's. Or replace it with an IOU.
Already done, I thought?
tradition is transient
Sell our countries' gold?? Why don't we just cut off our dick while we're at it?
Please observe the distinction between "our country" and "our government". The latter is the one in possession of the gold, which it shamelessly and blatantly stole from the former. Furthermore, the government is not really ours anymore, if it ever was.
If US GovCorp wants to sell gold at rock bottom prices, I'll be more than happy to scoop some up and secure it somewhere it can't be stolen so easily this time around.
sorry child, if you or any of your critters voted then you endorsed the "country" as it is.
You are just another of the great merican that can't even take responsibilty for your own actions.
Fraud and criminality your own friend.
You are obviously an idiot or have no idea how the system works. Do you know the word...PATSY? Yea well one is put up on the Dem side and one is put up on the Rep side. That's it pal, that's your 'vote'. you can shove it up your arse, your vote. This country is no democracy OPEN YOU EYES.
Actually, the TP'ers are - so far - doing exactly as they were instructed to do by their voters: stiff the System. Also, you ingnorant fuck, it's (supposed to be) a Republic. Not a "democracy".
Cool.. I'll hop in my truck and head over to Ft. Knox for the sale...
Back er on up..
I don't think gold-plated tungsten is going for $1,600 an ounce bro.
Hey, even tungsten is worth more than $42/oz! But who says they bothered with that charade, anyway? If you're going to lie....why bother.
I guess you did not get the memo about QEZimbabwe
They won't sell the gold, but regardless they can keep this charade going indefinitely. The August 2nd deadline was always an artificial tactic to press the Republicans into compromise prior to the 2012 election cycle heating up.
They will keep it going for years as they continue to use the MSM and "education" system to inculcate the masses to control, theirs of course
I can help! I can help!
And it won't even cost ya much....
the fed would never sell gold to the public.
either 1.) they dont have the gold anymore and it just gold-plated tungsten anyway
or 2.) they just default so be it, but never sell the real stuff
It would be sold to the treasury, who then puts it on the crimex or whatever. Don't forget, that gold would be purchased by the kleptocrats after major takedowns shake confidence, giving them a great entry. It would make for a good prize just before the big reset. I would expect similar of other state assets like SPR again, land, resource rights, etc.
I think this tells us we should expect a good old IMF bang-up job. It worked so well everywhere else, why not here?
the Crimex is not a gold warehouse for gold miners to shop their wares, dude. It's a cash-settlement futures exchange.
If the UST sells gold, another sovereign with a large reserve account of $ would buy it
We have an unnecesary large reserve in $. It would be nice to add some Ft. Knox Centenarios as diversification to our reserves.
You're right. Probably not crimex. The point being it will be bid on in a market somewhere. Probably a closed market consisting of PDs, Soverigns, the like. Similar to how the SPR was done.
There are seriously clever people in Obama's administration eg Steven Chu, i bet they do have a plan like this behind them. Sell emergency gold supplies, like they just did oil. Uh-huh.
In the long term, both gonna go thru roof i guess.
There's always a way these guys can get money to keep the rich rich!
The public will suffer, but the elite will be just fine.
There is nothing wrong with a little suffrage. It build character and makes you appreciate the American Dream.
--You WILL Obey!
Dear Mr. Thug,
suffrage is the right to vote
suffering is just left of pain
succotash is a meal we should get used to
Who axed for you're help. Dummy. I not might be good at spelling but I'm much better at identifying out of control suspects spewing grammar tits.
your username must actually be a description of yourself, not some sarcastic bit. suffrage? really?
The real question is, 'does the Federal Reserve have any gold to sell?' And nevermind it being tungsten, my specific question: 'have they not leased it all already?'
the FED admitted during Ron Paul's Monetary Committee hearings that they hold no physical gold.
That's not to say the Treasury wouldn't hand over its holdings to the FED in an emergency...
Maybe Treasury could sell the gold to the Fed? Just another multibillion $$ accounting entry and voila more money!
That way they could get around inspections and such.
Vic has gone AWOL....we need Vic!!!
The Treasurie holds no gold; the Federal Reserve Bank holds gold on their books as being in the i) NYFED ii) Fort Knox. They hold 14k tonnes on their books. The use the gold as loans to increase their reserves, and then use the reserves on loan to increase their assets, in the fractional reserve sense of the word.
'does the Federal Reserve have any gold to sell?'
sure they do, the Germans'...
Fed selling gold is a China wet dream
Just like the SPR release, it will be JPM doing the buying.
yeah the clan that took over the nation of Germany post-weimar still had access to credit from their banker cousins.
So will it be with JPM. Their debt ceiling isn't breached.
Speaking of the Chinese, the debt limit impasse appears to be the last straw.
Maybe we can tell them what they so often tell us, "stay out of our business"
maybe you can accept that you owe them money and take it like a man instead of a crying deadbeat.
If you can't stand it then don't go begging bitch.
Appalling is running your own citizens over with tanks.
Appalling is running over other countrys citizens with tanks, like you had the guts even for that.
Appalling is killing other countries citizens that you have not even declared war on.
stuff your outrage where the sun don't shine.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.