Get ready to dispose of your preconceived notions regarding the Federal Reserve and its take on gold! Is it possible that the Fed wants a higher gold price after all? That is what Jim Rickards reveals in this riveting interview with Palisade Radio.
Upon quick review, the Federal Reserve today looks like a really bad hedge fund with leverage of roughly 100:1. However, Jim made a discovery in the Fed’s balance sheet, revealing a treasure trove of gold at Fort Knox and West Point worth a staggering $300,000,000,000!
Adding $300 Billion to the Fed’s capital account reduces Fed leverage from 100-to-1 to a much more respectable 12-to-1, the capital ratio for most well-capitalized banks. This hidden asset is more than enough to absorb the…
Read the full article at: http://seekingalpha.com/article/3962761-jim-rickards-u-s-dollar-shadow-gold-currency-new-case-gold