US Gold Reserves - do not exist?



  • Quite a few ppl r raising tht Fed Reserve Gold against US$ infact do not exist! seriously

    does anyone have more info? plz discuss positively, thanks!

    http://www.marketskeptics.com/2009/02/look-at-central-bank-gold-reserves.html



  • didn't this happen in nixon's era?



  • mangotango, you need a lot of education brother because the US$ isn't backed by gold and neither are any of the world's major currencies.

    The federal reserve's New York branch alone holds 5000 metric tons of gold in the heart of New York City, worth 180 billion(as of 2008). So dont worry about the US



  • Aqlib, You are the one who needs "education". Real education not bandar ki aulaad secular education.Is Zionist thugs media your source?

    Is the Franklin morphing into the Washington?!

    For those readers outside of the US who have no clue what the title of this post is talking about: Benjamin Franklin is the US statesman who is featured on the face of the $100 bill and George Washington is on the $1 bill.

    Gold has been recognized as currency for thousands of years. FIAT money (Paper money) is a new invention and is only worth the political and economical strength of its issuers and the trust the world has in this political and economical strength. That is obviously the case with nations that issue paper money without gold backing such as the US.

    Because the US economy is the powerhouse of the world and is the greatest economy on the face of the planet its currency enjoys the trust of the world. It has become the most recognized and it is the world’s foremost reserve currency. Today rather than commodities being valued in gold or silver they are valued in dollars. Oil for example is priced in dollars. In fact gold itself is priced in dollars.

    Today America is the home of an interesting assortment of sins that are handpicked from all over the nations that existed before us: the obstinacy of the people of Nuh; the arrogance of the people of Aad; the rejection of Allah’s signs by the people of Thamud; the sodomy of the people of Lut; the financial deviance of the people of Shuayb as America is the biggest dealer and promoter of the interest based economy; the oppression of Abu Jahl et al; the greed, deception, love of the temporal life, and the bogusness of the children of Israel; along with the arrogance of the Pharaoh who had the misled notion that just because he is the leader of the most powerful nation on earth and is at the top the greatest army of his time he can somehow defeat the servants of Allah.

    So if you are one of those unfortunate folks who turned out to be living in the wrong place at the wrong time then it is advisable for you to leave. That is obviously if you take heed. Many don’t and are still living the utopia of the American dream. I am not talking about Mo and Mike who are still shaking to the tunes of MTV with their coke and big mac and are only Muslim by name, but I am talking about the practicing Muslims who sadly enough still think that the America of Obama is the Abyssinia of the Negus.

    Titanic is sinking. Don't cling to it.



  • @Aqlib

    "

    The federal reserve's New York branch alone holds 5000 metric tons of gold in the heart of New York City, worth 180 billion(as of 2008). So dont worry about the US ..

    "

    Then you sure could provide counter argument to the following

    http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6745

    http://news.goldseek.com/GoldSeek/1248373722.php

    and by the way could you care to explain why feds are trying to block the bill by RON Paul for Audit of Federal Reserve? surely if there is gold as they say then all they have to do is run an independent audit that will clarify the position once and for all and stop these allegations and please dont say it is "Expensive" to audit costs no more then couple of million dollars that fed will gladly "create out of thin air"



  • Assalam-o-Alaikum-Warahmat-ULLAH ALL,

    What's Fort Knox then?



  • Assalam-o-Alaikum-Warahmat-ULLAH ALL,

    Where did ALL the gold go, which Jews collected from ALL of US, ALL of Europe between 1500 - 1950s?

    Where is it held? What is its net worth?

    We know from Islam one of Jews's trait is, that they hoard ALL the gold they can possibly hoard



  • ...

    Bretton Woods agreement of 1944 -- which established the IMF to operate a gold-exchange standard. White had decided early on that maintaining stable exchange rates was a separate task from providing cheap loans to Allied countries. A different organization -- the International Bank for Reconstruction and Development (later called the World Bank) -- was designated to perform that function.

    The IMF carried out its exchange-rate duties for the next quarter century, permitting foreign central banks to redeem excess dollars at the fixed conversion rate of $35 per ounce of gold. The period from 1947 to 1967, known as the "Bretton Woods era," marked the emergence of a new world economic order based on solid money and increasingly free competition in the international marketplace.

    The system came under pressure in the late 1960s as the U.S. began to inflate its money supply to accommodate growing fiscal strains. A liberal agenda of increased spending for social programs coincided with an escalation of the Vietnam War. The U.S government borrowed money to pay for it all, forcing other nations to absorb some of the inflationary impact through their own fixed-exchange rates with the dollar.

    The Bretton Woods system ended on Aug. 15, 1971, when President Richard Nixon "closed the gold window" -- i.e., denied the convertibility privilege and thus delinked the dollar from gold. Since then, in the absence of a monetary anchor, exchange rates have been left to "float." Today, the dollar's residual role as key global reserve currency reflects the waning credibility of the U.S. government in carrying out responsible fiscal and monetary policies. Which is why China, Russia, Brazil and other developing nations are now calling for a new global reserve currency to provide an alternative to the dollar. And why the IMF funding provision in the current wartime supplemental bill needs to be closely examined.

    source:

    http://www.afghanistannewscenter.com/news/2009/june/jun182009.html



  • "Where is it held?"

    i believe IMF has the biggest gold reserve in the world. can someone confirm this?



  • Here is a link to widely circulated power point presentation on US dollar scam.

    http://www.slideshare.net/harit/petrodollar-scam-presentation



  • Germans have the biggest reserves of gold!

    Mulla!



  • Assalam-o-Alaikum-Warahmat-ULLAH ALL,

    I believe the Rockefeller family and one more Jewish family, has roots in England, Germany, and some of other European countries. I watched Zaid Hamid's video in which it was mentioned, a man from the rockefeller or the other Jew family spread his sons all over Europe, when they started this bank system around 400 years ago.

    Jews collected ALL the gold from Europe and US. Where did they stash ALL of it? What is its net worth? Who is controlling it? According to one website I saw today, most of it is in Europe somewhere, perhaps in Europe.

    I'm not convinced its in Germany, because Germany's economy depends on exports. If it had that much gold within its borders, it wouldn't have been affected by the economic downturn.

    Those who are claiming gold reserves, please give some reference.

    I believe IMF was made by Jews. Someone is controlling IMF behind the scene.

    Who has th gold deposits?



  • well jews have been doing this since Yusuf a.s...

    they always bankrupted societies after giving them a unified economic system and then pulling the floor away...

    and muslims simply attack and capture those systems by calling them kafir systems....

    aik hi thali ke chatay batay hain!

    Mulla!



  • I thought banyas have biggest "reserves" in the world. They have it in their safe deposits and on their bodies- men and women alike.

    Islam has, however, prohibited two kinds of adornment for men, while permitting them to women. These are, first, gold ornaments and, second, clothing made of pure silk. 'All reported that the Prophet (peace be on him) took some silk in his right hand and some gold in his left, declaring, "These two are haram for the males among my followers."

    Islam must safeguard the manly qualities of men from any show of weakness, passivity, and lethargy. Allah has made the physique of the man different from that of the woman, and it does not befit a man to wear clothes made of fine material or to adorn his body with costly ornaments.

    There is, however, a social aim underlying these prohibitions. The prohibition of gold and silk to males is part of a broader Islamic program of combating luxuriousness in living. From the Qur'anic point of view, luxurious living leads to weakness among nations and to their eventual downfall; the existence of luxury is also an expression of social injustice, as only a few can afford luxurious items at the expense of the deprived masses of people.



  • ornamental gold has impurity in it! it is considered less valuable for conversion into gold reserves!

    Germans according to my info of 2008 hold 40% of the worlds gold reserves and only Deutche bank holds that.

    the rest 60 % or so is distributed among other banks of the world including Tokyo Mitsubishi bank....

    Mulla!



  • I had assumed too that India may be high but it is 14th in the world.

    http://www.owninggold.com/highest-gold-reserves.htm

    Did a search and found this:

    The world leader in gold reserves is United States with 8,133 tonnes as on September 2008.

    Germany has the second highest gold reserves at 3,412.6 tonnes.

    France has 2,508 tonnes.

    Italy has 2451.8 tonnes.

    China is now the fifth biggest holder of gold reserves with 1054 tonnes.

    Switzerland has 1,040 tonnes.

    India, which many perceive as being a country with a lot of gold reserves, is actually way down at 14th position with gold reserves of 357.7 tonnes. The Indians prefer to wear their gold, rather than store it in vaults.



  • us figures have changed!

    they hold gold for other banks as well....

    remember that this is advertised information, the real assets are not known, if you recall pakistan was summgling mountains of gold from Africa in which pak army was involved ?

    Mulla!



  • Assalam-o-Alaikum-Warahmat-ULLAH ALL,

    Has the information on this page changed;

    http://www.marketskeptics.com/2009/02/look-at-central-bank-gold-reserves.html

    from the image;

    http://1.bp.blogspot.com/_EZMGVwURo3M/SZfYYPi7DOI/AAAAAAAAAk0/UpdnEbvsjO8/s400/Wener0516G-796016.gif

    ?

    It shows that Europe has the most gold.

    I believe Muslims will fight Armies of Europe, when Islam says that there will be 12,000 soldiers against each of the 80 banners (80 countries) that Muslims will fight and defeat.



  • 2005-05-16



  • Walaikum Salaam Haris Khan,

    They are already fighting. Although they are not shown as 12,000 but if you count countries that are providing support and countries that have forces not covered in the map of this link, the Blackwater security, the Hadith is correct. That link is 2008 and we got a "surge" of forces this year from all Kuffar countries.

    http://upload.wikimedia.org/wikipedia/en/5/5c/Afghanistan_ISAF_Sept2008.jpg