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ADAM

How much is the gold reserves of the USA and how does it affects our economy

ADAM:

I can not believe is so low.

DoesDeathDefyDemons?:

The US has been off the gold standards since the Nixon administration. the gold reserve has little to do with the strength of the dollar at this point, except when investors sell t-bills and buy gold and other precious metals.

ADAM:

I just wanted to know what the reserves were.

Ginger:

Do you have a source? Thank you.

Russ:

you believe published reports?


Believe me, it is much higher.

Ginger:

Appox $11 billion at merket price at end of September.

http://www.fms.treas.gov/GOLD/current.html

It has very little , if any, effect on our economy. There is no country on the gold standard.

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