GOLD 0.51% $1,391.7 gold futures

Aptay, You can take notice of gold 'expert' Roberts if you like...

  1. 32,984 Posts.
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    Aptay,
    You can take notice of gold 'expert' Roberts if you like but here's the actual truth and since you're a newboy, I'll let you in on it . An email I received from the Federal Reserve. a few weeks back.
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    5 May 2015 1.49am

    Dear Mr. XXXX,
    Thank you for inquiry regarding the Federal Reserve and gold.

    The U.S. gold stock is owned by the U.S. Treasury. The Federal Reserve owns no gold and therefore could not sell or lease gold. Likewise, the Federal Reserved does not engage in financial transactions related to gold such as trading in gold options or derivatives.

    I hope this information is helpful.

    Sincerely,
    Board Staff
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    Last edited by Skol: 28/07/15
 
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