David Kirkpatrick

November 13, 2009

The US government holds the most gold …

Filed under: Business — Tags: , , , , — David Kirkpatrick @ 4:15 pm

… reserves in the world and doesn’t plan on selling bullion anytime soon.

Fun facts about the Fed.

Another fun fact is this image:

Gold had been the standard currency for international trade for centuries. In fact, the Federal Reserve vault in New York has compartments for different countries. When one country would trade with another, a “sitter” would simply move bars from one compartment to another, according to David Girardin, spokesman for the New York Fed.

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