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Old 03-10-2012, 05:17 AM
Location: Backwoods of Maine
7,309 posts, read 8,988,749 times
Reputation: 20029


A few months ago, Venezuela successfully re-patriated its gold, amid much flag-waving and cheering by its citizens, and to the great relief, no doubt, of Mr. Chavez. Iran, under economic sanction, has been using its gold reserves to help feed its people. Now Germany and Switzerland are looking to audit and probably repatriate their gold as well. Supposedly it is kept deep in the granite below 33 Liberty St in NYC - under the NY Fed building. But is it really there? Is it separate from other countries' gold? Is there any gold at all?

Dude, where’s my gold?

Why is this so important all of a sudden? Aren't we "all Keynesians now"? Why is a metal, long considered by economists to be a "barbarous relic", so important to have in its own country's possession and control? Something to wonder about, as we hold our own wealth in the filthy, ever-depreciating paper debt-notes that our central banks spew out for us to use as "money". What is really money???
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