H.R. 9157 points out the following: “The Federal Reserve note has lost more than 30 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve Act in 1913.”
The commercial net short position in gold sits at 9.65 million troy ounces, up 3.44 million troy ounces from the 6.21 million troy ounces they were short in last Friday's COT Report..
The U.S. Treasury & the Federal Reserve would have 30 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note “dollar” would be pegged to a fixed weight of gold at its then-market price.
By now it should be clear Federal Reserve leaders intend to keep hiking until the economy breaks. Their recent speeches and interviews all underline this. Specifically, they want to reduce..
In this week’s Live from the Vault, Andy Maguire exposes the Chinese and Indian deep-pocket traders who aggressively capitalise on the $1000-per-contract silver futures price divergence.
