GOLD 0.51% $1,391.7 gold futures

I'm bored! It's time to start a new conspiracy theory. [ATTACH]...

  1. 7,423 Posts.
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    I'm bored! It's time to start a new conspiracy theory.

    Screen Shot 2014-12-21 at 3.35.54 pm.png

    Have anyone else ever wondered why the Fed values its "Gold Stock" at cost - only $11 billion, rather than at market - currently about $330 billion?  
    http://www.federalreserve.gov/releases/h41/Current/

    Could it be that in the context of a $4.457 trillion balance sheet, the loss of $11 billion (when it is discovered that the gold doesn't exit) will be easier to explain away?


    Note to moderator: Yes, this probably does belong on the Humour Forum, but there is gold in the joke.
 
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