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The International Monetary Fund regularly maintains statistics...

  1. 237 Posts.
    The International Monetary Fund regularly maintains statistics of national assets as reported by various countries.[9] These data are used by the World Gold Council to periodically rank and report the gold holdings of countries and official organizations.

    G6 (EU) 8,972.6
    1 United States 8,133.5
    2 Germany 3,390.6
    3 IMF Fund 2,814.0
    4 Italy 2,451.8
    5 France 2,435.4
    6 China 1,054.1
    7 Switzerland 1,040.1
    8 Russia 1,015.4
    9 Japan 765.2
    10 Netherlands 612.5

    From http://en.wikipedia.org/wiki/Gold_reserve

    Note, on Friday, April 12, the US Fed’s agents hit the market with 500 tons of naked shorts, which equals 16 million ounces of gold. At the beginning gold price that day of about $1,550, that comes to $24,800,000,000.

    Who has that kind of money?

    It is well known that the Federal Reserve does not own gold.
    It acts as the custodian of gold owned by account holders such as the U.S. government, foreign governments, other central banks, and official international organizations.

    After that, bear market officially begins.
    http://www.globalresearch.ca/the-feds-assault-on-gold-short-selling-and-the-rigging-of-the-gold-market

    My guess is that they won't taper much as US need QE to keep their economy steady. But Fed will keep short selling Gold and keep delay the hypothetical "taper" to strengthen the US dollar. In such way, capital will keep flow into US and maintain inflation in US at low level.

    POG will probably keep drifting lower in short term until there is certainty of "taper". But I really doubt US Fed is going to provide any details in the coming Feb meeting. The less certainty it provides, the lower POG will be and more benefits for US.


 
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