Thursday, January 17, 2013

Can the US Treasury Sell Our Gold Without Congressional Approval?

Yes. In fact, they don't need anyone's approval to dispose of our gold. If in fact we still have any. In fact, I don't know that they even have to report the sale anywhere.

For the goldbugs. I had read this piece many years ago, and I could not find it. Tonight I saw that Dave in Denver had linked it.

This might be the most enlightening piece you will ever read about U.S. gold especially in light of the fact that the U.S. is not returning the Bundesbank's gold back immediately. Very. Good. Stuff. -


Anonymous said...

Let me give you the Treasuy response to this question. Approval? we don't need no stinkin approval. Now sheeple go back to sleep.

TJ said...

Insightful stuff right there. What a beauty.