Originally Posted by Arkie
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?