GOLD 0.51% $1,391.7 gold futures

I wrote to the Federal Reserve after all the stupid posts here...

  1. 32,843 Posts.
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    I wrote to the Federal Reserve after all the stupid posts here alleging that the Federal Reserve own the US gold 'stack', and that the Fed was interfering in the gold market.

    They very politely replied immediately stating....

    "Thank you for your enquiry regarding the Federal Reserve and gold.

    The U. S. gold stock is owned and controlled by the U.S. Treasury. The Federal Reserve owns no gold therefore could not sell or lease gold. Likewise, the Federal Reserve 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.



    Last edited by Skol: 03/03/21
 
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