JJ

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  1. Since there has no public audit of the Fed for more than 50 years, it is not clear how much physical gold they hold and thus the numbers that they supply can be completely wrong. They might have sold all of the gold or even leased it for the purpose…
  2. Are you thinking the Fed bought a lot of it? I heard rumors that Ft Knox refuses to allow public to view supposed gold reserves and that Fed may hold as much as 22% of global gold reserves or entire gold in existence, cannot recall which.