View Single Post
Old 04-18-2011, 08:11 PM   #181
lost in the ether
loborugger's Avatar
Did we finally get a FB???

Join Date: Jan 2003
Location: The 'cuse
Posts: 5,742

Peyton Hillis

Originally Posted by Arkie View Post
But the gold stock (certificates) on the Federal Reserve’s books is being valued at the same price as the 1933 dollar devaluation, $42.2222 per fine troy ounce. In total, the Federal Reserve is currently using 261,499,000 troy ounces of gold as “collateral” for the dollar at 78-year old prices.
Wow. I never saw this statement before.

Does this mean that our debt holders will get to buy gold at 42 bucks an oz?
loborugger is offline   Reply With Quote