from Harvey Organ:
Rob Kirby with a fascinating find:
Subject: looky here
Go to the Fed's "flow of funds report" Q4/09 just released today at this link:
Scroll down to page 24 [Flow of Funds with Rest of World] and observe line # 14 on that page. It states that the U.S. Fed sold 190.7 billion dollars worth of gold / SDRs in Q3/09. 190.7 billion @ 1,000 per ounce would be 5,937 tonnes of gold .
A Chartered Financial Analyst subscriber of mine follows this release every quarter and alerted me to the "back-dating" of the gold sales for Q3/09 in the release today. Note: In the same flow of funds report for Q3/09 at this appended link - there was no mention of gold / SDR sales - period:
I've attached the Flow of Funds Report for both Q3/09 and Q4/09 for comparison purposes.
Question: has the Federal Reserve just "papered over" the disgorgement of nearly 6,000 metric tonnes of sovereign U.S. Gold bullion?
best,
Rob Kirby
end.
The report is from the federal reserve government releases and it shows the flow of funds in the 4th quarter.
I checked the government data and sure enough on page 24, line 14 the usa sold 190.7 billion dollars of gold (SDR's translated into real oz). At 1000 dollars per oz that translates into 5937 tonnes of gold.
The previous quarter on the flow of funds reports showed no gold activity. Looks like the usa is trying to paper over their sale of 6000 metric tonnes of gold.
The usa has 8133 tonnes of gold so 73% of the usa gold reserves have been liquidated.
The problem here is that the gold belongs to its citizens and not government. The government needs congressional approval to sell the gold.
Trouble ahead on this front!
Rob Kirby with a fascinating find:
Subject: looky here
Go to the Fed's "flow of funds report" Q4/09 just released today at this link:
Scroll down to page 24 [Flow of Funds with Rest of World] and observe line # 14 on that page. It states that the U.S. Fed sold 190.7 billion dollars worth of gold / SDRs in Q3/09. 190.7 billion @ 1,000 per ounce would be 5,937 tonnes of gold .
A Chartered Financial Analyst subscriber of mine follows this release every quarter and alerted me to the "back-dating" of the gold sales for Q3/09 in the release today. Note: In the same flow of funds report for Q3/09 at this appended link - there was no mention of gold / SDR sales - period:
I've attached the Flow of Funds Report for both Q3/09 and Q4/09 for comparison purposes.
Question: has the Federal Reserve just "papered over" the disgorgement of nearly 6,000 metric tonnes of sovereign U.S. Gold bullion?
best,
Rob Kirby
end.
The report is from the federal reserve government releases and it shows the flow of funds in the 4th quarter.
I checked the government data and sure enough on page 24, line 14 the usa sold 190.7 billion dollars of gold (SDR's translated into real oz). At 1000 dollars per oz that translates into 5937 tonnes of gold.
The previous quarter on the flow of funds reports showed no gold activity. Looks like the usa is trying to paper over their sale of 6000 metric tonnes of gold.
The usa has 8133 tonnes of gold so 73% of the usa gold reserves have been liquidated.
The problem here is that the gold belongs to its citizens and not government. The government needs congressional approval to sell the gold.
Trouble ahead on this front!
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