JR is obviously an insider. This is just another deflection piece. His job is to cap the well.
When the GFC imploded I’m old enough to remember they wheeled out Warren Buffet and he said something about “not betting against America”.
I figured at the time that he was the only one with a shred of credibility left.
They asked him to perform his patriotic duty and assuage those fears and calm the panic. Of course he obliged …and then did a great deal with Goldmans.
And who is Mr Goldfinger? Jim R.
Please. Do you seriously swallow this….on your knees? Guzzle. Glug glug glug. 💦
i missed this yesterday - The Gold Reserve Transparency Act (e.g., H.R. 3526, 117th Congress, 2021; H.R. 3795, 119th Congress, 2025) is a proposed U.S. bill directing the Government Accountability Office (GAO) to conduct a full assay, inventory, and audit of U.S. gold reserves every five years. It mandates detailed reporting on all gold holdings, including those held by third parties (e.g., Federal Reserve, IMF), with unredacted access to records and facilities. The act aims to enhance transparency, addressing concerns about the accuracy and security of U.S. gold reserves, last fully audited over 65 years ago. Recent reintroduction (June 6, 2025) by Rep. Thomas Massie emphasizes accountability for the $11 billion in reserves. The bill has not yet passed
JR is obviously an insider. This is just another deflection piece. His job is to cap the well.
When the GFC imploded I’m old enough to remember they wheeled out Warren Buffet and he said something about “not betting against America”.
I figured at the time that he was the only one with a shred of credibility left.
They asked him to perform his patriotic duty and assuage those fears and calm the panic. Of course he obliged …and then did a great deal with Goldmans.
And who is Mr Goldfinger? Jim R.
Please. Do you seriously swallow this….on your knees? Guzzle. Glug glug glug. 💦
thanks @james rickards @vbl
sounds like what’s really needed is a (re) hypothecation audit trail so that some kind of order can be (re)created when the market totally blows up?!
i missed this yesterday - The Gold Reserve Transparency Act (e.g., H.R. 3526, 117th Congress, 2021; H.R. 3795, 119th Congress, 2025) is a proposed U.S. bill directing the Government Accountability Office (GAO) to conduct a full assay, inventory, and audit of U.S. gold reserves every five years. It mandates detailed reporting on all gold holdings, including those held by third parties (e.g., Federal Reserve, IMF), with unredacted access to records and facilities. The act aims to enhance transparency, addressing concerns about the accuracy and security of U.S. gold reserves, last fully audited over 65 years ago. Recent reintroduction (June 6, 2025) by Rep. Thomas Massie emphasizes accountability for the $11 billion in reserves. The bill has not yet passed
Maybe there is more than 8300 tons! Why? Exactly …