#12
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Re: The Fed\'s Secret Weapon
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Yup, Coincidentally, China has also made noise about converting a small percentage (10%) of its currency reserve into gold. This would buy up a little more than an entire year's worth of gold production, BTW. [/ QUOTE ] in numbers 10% would be over 100 billion US dollars. "It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford |
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