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Repatriating Gold
06-24-2012, 08:27 AM
Post: #1
Repatriating Gold
Hi Brother John,

Within the last 6 months Venezuela has repatriated its gold after being held outside the country and I heard Germany is/has considered doing the same along with the Swiss. My first question is: Why was it to these countries' advantage in the first place to have their gold stored elsewhere? I can't seem to wrap my brain around that logic. Did this allow them to make an income stream??
Were they paid to do so?

Second, Is the United States' gold held by the Treasury in Fort Knox or by the Federal Reserve in New York or a combination of both. With the Federal Reserve being a private bank, I hope that the treasury would not have "given" them our gold.

Thanks
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