Anonymous ID: 33e067 July 6, 2021, 11:42 a.m. No.14066995   🗄️.is 🔗kun   >>7041 >>7108 >>7129

>>14066964

>Q says gold shall end the Fed. We presume Q meant the Federal Research and/or Rothschilds banking system.

 

Doesn't necessarily mean the price is wut is going to do it…most likely speaking to the decades of games they have played with it.

And they don't really own it either

 

Does the Federal Reserve own or hold gold?

 

The Federal Reserve does not own gold.

 

The Gold Reserve Act of 1934 required the Federal Reserve System to transfer ownership of all of its gold to the Department of the Treasury. In exchange, the Secretary of the Treasury issued gold certificates to the Federal Reserve for the amount of gold transferred at the then-applicable statutory price for gold held by the Treasury.

 

Gold certificates are denominated in U.S. dollars. Their value is based on the statutory price for gold at the time the certificates are issued. Gold certificates do not give the Federal Reserve any right to redeem the certificates for gold.

 

The statutory price of gold is set by law. It does not fluctuate with the market price of gold and has been constant at $42 2/9, or $42.2222, per fine troy ounce since 1973. The book value of the gold held by the Treasury is determined using the statutory price.

 

Although the Federal Reserve does not own any gold, the Federal Reserve Bank of New York 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. No individuals or private sector entities are permitted to store gold in the vault of the Federal Reserve Bank of New York or at any Federal Reserve Bank.

https://www.federalreserve.gov/faqs/does-the-federal-reserve-own-or-hold-gold.htm