U.S. Gold, Going or Completely Gone?

tvsterling at 21:19 2009-05-30 said:

I have some problems with this analysis. 'Gold compounds' seem to be misnamed. Perhaps 'Gold Containing Products' would be a better name. They seem to be products where only a small portion is gold; like the contacts on a switch or the fingers on a circuit board. Why they have this category at all puzzles me. The gold to other stuff ratio on most of these products would be around a thousand to one or better. Why they report the whole weight of the product or device is even more puzzling. As for the theory that this category is being used to mask the wholesale offshoring of our gold reserves, I find that far fetched. If the government were doing that some government worker would blow it sky high to his congressman, after all civil servants are citizens too. Then too why have anything on paper at all, even some obscure report. It would be simpler to just DO IT & bury the deed in as dark a hole as possible. That would be TOTALLY illegal & would be whistle blown even faster. There is after all a column on the chart for 'Refined Bullion' obviously the proper column for the purpose. Permalink