2012 Report
Stocks, year end, Treasury (Note 3) 8,140 tons
1One metric ton (1,000 kilograms) = 32,150.7 troy ounces.
261,701,000 TOZ * $1700
$44,851,700,000...44.8 Billion....Value of Gold in Reserves
2.5 Trillion Base Money Supply
Currency Outstanding is 5.68 times stated gold reserves. Oh My. Not Good.
Now the dirty little secret...no one has seen the actual gold in reserve at Knox for now 10 years. Why is that you think....????
Note 3: Includes gold in Exchange Stabilization Fund. Stocks were valued at the official price of $42.22 per troy ounce.
http://en.wikipedia.org/wiki/Exchange_Stabilization_Fund
Federal Reserve: Exchange Stabilization Fund
http://www.newyorkfed.org/aboutthefed/fedpoint/fed14.html
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As of March 31, 2007, total assets were $45.9 billion and included $20.8 billion in foreign currencies, $9 billion in SDRs, and $16.1 billion in U.S. Government securities.
ReplyDeleteIf I understand this right, the EMF is the place where the accounting of gold is made for SDR's from foreign countries. That's only 9 billion??? Where is all the gold backed debt to this nation from foreign countries? If it isn't on our Treasury balance sheet then it is on the Federal Reserves balance sheet...which means the bankers stole it through EMF operational charges and interest on national debt.