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Ed Huntress Ed Huntress is offline
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Default OT-US Gold reserve to back wallstreet bailout


"Steve Lusardi" wrote in message
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Like I said... we don't have enough gold to do anything. That's about
enough to pay the interest on our national debt for a year, if that.
Steve


'Tell you what, Steve: Why don't you give your congressman a call and tell
him you have it all figured out. They could use your advice.

--
Ed Huntress


"Ed Huntress" wrote in message
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"azotic" wrote in message
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"Ed Huntress" wrote in message
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"Steve Lusardi" wrote in message
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What gold reserves? They pretty much went away when Nixon left the
gold standard in '73.
Steve

This is a myth, Steve. The US gold reserves run to something around
5,000 tons of bullion, and we hold another 5,000 tons for foreign
countries.

Internet cranks can tie you up for hours, tracking down their bull****
about it, but reliable sources confirm the state of the reserves.

--
Ed Huntress

About $128,445,600,000,000,000 at fridays spot gold price.

Best Regards
Tom.


I think you want to knock about six zeros off of that, Tom.

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Ed Huntress