Parakletos ID: ffe9f0 Nov. 20, 2024, 9:55 a.m. No.22024939   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>22024924

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.

 

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.

 

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

 

We have the Gold, they have the certificates worth $42 per ounce.

Parakletos ID: ffe9f0 Nov. 20, 2024, 10:19 a.m. No.22025105   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>22025074

Never forget

 

Kentucky Congressman Thomas Massie announces death of wife, Rhonda

 

https://www.courier-journal.com/story/news/2024/07/01/kentucky-congressman-thomas-massie-announces-death-of-wife-rhonda-politics/74265922007/