Posts Tagged ‘ gold certificates ’

The Fed Has No Gold, Pt 2: A Deeper Look

The Fed Has No Gold, Pt 2: A Deeper Look

In our last article, Fed Lawyer Alvarez: “The Federal Reserve Does NOT Own Any Gold at All”, we explained why the widespread belief that the Fed owns any gold is false and that the Fed’s reported holdings of gold certificates are actually a misnomer and really represent claims to cash, not gold, from the...
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Fed Lawyer Alvarez: “The Federal Reserve does not own any gold at all.”

Fed Lawyer Alvarez: “The Federal Reserve does not own any gold at all.”

Thats right. The Fed owns NO gold. Zero, zip, ziltch. For those of you who did not watch yesterday’s monetary policy hearing in the house of representatives, you most likely missed this bombshell exchange between Federal Reserve lawyer Scott Alvarez and committee chairman Dr. Ron Paul. My jaw literally dropped when I heard the Fed’s...
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