Fed Should Sell Some Gold To Prevent ‘Run On The Bank’

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#1 Wed, Aug 3, 2011 - 4:12pm
Los Angeles, CA
Joined: Jun 15, 2011

Fed Should Sell Some Gold To Prevent ‘Run On The Bank’

Edited by: mrneutron on Nov 8, 2014 - 5:31am
Wed, Aug 3, 2011 - 4:50pm
Dr Durden
Twin Cities, MN
Joined: Jun 14, 2011

mrneutron wrote:Maybe they

mrneutron wrote:
Maybe they don't have any?

Not maybe, they don't. The Fed only has a piece of paper or a "credit" to the gold at the Treasury (or so they say). And if you ask me, it's precisely for this reason.

Got GIABO? "It's called the American dream, because you have to be asleep to believe it." ~George Carlin
Wed, Aug 3, 2011 - 8:16pm (Reply to #2)
Dark Side of the Moon, WA
Joined: Jun 16, 2011

Me Thinks!!!

Me thinks the Treasury flatten all the bars out and sold it all as Eagles to improve the Fed's cash flow. However, they ran out several years back and that is why they are buying gold on the open market to produce Eagles. Any wonder why they didn't mint any 2010-W UNC gold Eagles last year? Same for 2009. They had to sell the bullion versions but were buying the gold blanks from Australia to produce them.

I am not sure what the mint's markup is on the AGE but it is not nearly what it is on the W version. Another poor business decision.

Wed, Aug 3, 2011 - 8:27pm
Black Hole Sun
Joined: Jun 14, 2011

No run on banks

When you have central bank that prints it's own money you can never really have a run where they run out of cash. We live in the digital age where the Treasury or Fed will step in before that happens and digitize the banks balances higher as the Fed will loan money to just about anyone....except it's citizens who are having a hard time getting credit from the banks that f'd us in the first place.

An epic lack of foresight, accuracy and rationale... https://www.tfmetalsreport.com/comment/170246#comment-170246

Thu, Aug 4, 2011 - 11:03am
Red Pill
Joined: Jun 17, 2011

its not the first time the

its not the first time the idea has been discussed


I can only show you the door.. Take the Red Pill #Occupy Money