ZH post: Don Coxe's Fascinating Take On Why The Time For The US To "LBO" The Gold Market Has Arrived

Zero Hedge post:

"...now is a good time to lock in the gold bull market by monetizing the  nation's holdings through various strategies and vehicles forty years after Nixon uncapped gold and 78 years after Roosevelt boosted it 70%. Why don't the governments bring out their gold and use it to back their bonds? Obama should, in our view, try to find one non-Keynesian economist who understands gold to advise him. We’re sure he could get an old-fashioned scholar from the University of Chicago to help him out if he made a few calls." ...

FULL POST HERE

Treasury Releases Reserve Asset Data - Gold still there, really?

Reserves reported at 136 Billion Dollars.  Gold reserves shown at 262 million ounces for a $11 billion value at $42. per ounce. Street value at 1300/oz is $341 billion.  Tonne holdings 8150 which is approximately what the World Gold Council reports for US Gold Holdings: http://www.gold.org/deliver.php?file=/value/stats/statistics/archive/pdf/World_Official_Gold_Holdings_September_2010.pdf .   (All numbers are approximate.)  

Note: 1 tonne = 32150.75 troy ounces

 

The question is not if the gold physically exists in US vaults, (according to the U.S. Mint Ft. Knox counting), but how much is actually owned by the US (or Fed in NY) and not leased out to the Swiss BIS (Bank of International Settlements) or other central banks.

aucanary

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Link: U.S. International Reserve Position


November 26, 2010
2010-11-26-15-27-38-3591

U.S. International Reserve Position

The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in [the] table (see link above), U.S. reserve assets totaled $136,426 million as of the end of that week, compared to $136,117 million as of the end of the prior week.

GOLD FIGURES IN MILLIONS:

4) gold (including gold deposits and, if appropriate, gold swapped) *	11,041
--volume in millions of fine troy ounces	261.499

*  Gold stock is valued monthly at $42.2222 per fine troy ounce.