The Gold Scam, Part 2 of 4. Gold, For All But a Few A Commodity on Paper Only
Friday, August 12th, 2011

[Excerpts from:] What Is Happening to America’s Gold? This past December I wrote about my discovery of a discrepancy between two reports that tracked the status of the US Gold Reserve. I observed that the weight of gold in these two reports was different, and I explained why each weight should always be identical. In the months that have passed, the Treasury has continued to deny US government activity in gold. But that is not all the Treasury has been doing. It has also been working hard to cover up its tracks. The US Reserve Assets report now excludes all reference to the ESF, and previous reports already published have been changed. Not only were the figures adjusted, but all reference to the ESF has been eliminated. Without any explanation to anyone (including Congress to my knowledge), the US Treasury has taken steps that can be of no other purpose and have no other intent but to hide the truth. The ESF has been erased out of the US Reserve Assets report as if it never previously existed. As I write this, I shake my head in disbelief. This past April I wrote about the Treasury’s unexplained reclassification of that part of the US Gold Reserve in the Treasury depository at West Point as “Custodial Gold”. Using minutes of the Federal Open Market Committee of the Federal Reserve – actually, very revealing minutes referring to “gold swaps” that apparently were inadvertently not redacted before being made public – and by other corroborating evidence, I suggested that the …
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