Who OWNS all the gold??
I spent several days trying to figure out exactly who OWNS all the gold in the world.
Could not figure it out.
I could find where its located - the bulk is in the vaults of central banks.
I could find which countries hold how much - but that seems to be very fluid as the wealth of nations gets transferred around the globe.
My question is: If the Fed turns to dust tomorrow, who takes home the gold?
- Don't lie.
- Don't cheat.
- Don't steal.
- Don't kill.
- Don't commit adultery.
- Don't covet what your neighbor has, especially his wife.
- Honor your father and mother.
- Set aside a day of rest for church, family and friends.
- Don’t use your Higher Power's name in vain, or anyone else's.
- Do unto others as you would like to be done to.
"For the love of money is the root of all evil..."
I Timothy 6:10, KJV 1611
Its shareholders, I would assume.
"We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% the same on issues." "People Try To Drive Wedges Between Rand And Me." --Ron Paul
http://www.youtube.com/watch?&v=pB5JgzBVHN0
Whoever holds it, owns it. Possession is 9/10 tenths of the law.
"Everyone who believes in freedom must work diligently for sound money, fully redeemable. Nothing else is compatible with the humanitarian goals of peace and prosperity." -- Ron Paul
Brother Jonathan
John MclaneOriginally Posted by Jamesiv1
yeah... that's the best I could conclude, as well.
And I guess since the Fed is privately held (right?) then they don't have to disclose who the shareholders are?
Do central banks of other countries have the same disclosure policies?
- Don't lie.
- Don't cheat.
- Don't steal.
- Don't kill.
- Don't commit adultery.
- Don't covet what your neighbor has, especially his wife.
- Honor your father and mother.
- Set aside a day of rest for church, family and friends.
- Don’t use your Higher Power's name in vain, or anyone else's.
- Do unto others as you would like to be done to.
"For the love of money is the root of all evil..."
I Timothy 6:10, KJV 1611
Dr. Paul held some meetings last year and even in his role in congress couldn't get a straight answer as to who actually owns our own gold or if there are any encumbrances on it.
How could anyone know where the gold is?
Gold has been used as money for thousands of years all over the world. It has been hoarded, buried, turned into jewelry, lost, found and generally circulated in every imaginable way for all of known history with virtually NO trail. The ONLY gold that might be accurately "booked' is the bullion in the hands of the banks and governments. And that is highly doubtful given the utter lack of veracity in either of those classes of institution.
Aside from the fact that nobody knows how much gold there is or who has it in their hands, the important thing to remember is that once paper money collapses, whoever has the gold will have to spend it because they will not be able to make anymore out of thin air. So the gold of necessity goes into circulation.
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
This is the pic that got me wondering...
Last edited by Jamesiv1; 08-25-2012 at 09:54 AM.
- Don't lie.
- Don't cheat.
- Don't steal.
- Don't kill.
- Don't commit adultery.
- Don't covet what your neighbor has, especially his wife.
- Honor your father and mother.
- Set aside a day of rest for church, family and friends.
- Don’t use your Higher Power's name in vain, or anyone else's.
- Do unto others as you would like to be done to.
"For the love of money is the root of all evil..."
I Timothy 6:10, KJV 1611
I was trying to figure out who owns the central bank gold, primarily...
- Don't lie.
- Don't cheat.
- Don't steal.
- Don't kill.
- Don't commit adultery.
- Don't covet what your neighbor has, especially his wife.
- Honor your father and mother.
- Set aside a day of rest for church, family and friends.
- Don’t use your Higher Power's name in vain, or anyone else's.
- Do unto others as you would like to be done to.
"For the love of money is the root of all evil..."
I Timothy 6:10, KJV 1611
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