FED has No Gold

2011-06-06 22:30

"The Federal Reserve does not own any gold at all. We have not owned gold since 1934, so we have not engaged in any gold swap.

What appears on our balance sheet is gold certificates…Before 1934 the Federal Reserve did, we did own gold. We turned that over by law to the Treasury and received in return for that gold certificates."

I agree with Ron Paul: Gold is Money. Give it back to the American People !


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