Richard Russell: Is U.S. avoiding gold revaluation because it has lost its gold?

Section:

11:49p ET Monday, January 6, 2014

Dear Friend of GATA and Gold:

The dean of the American financial letter writers, Richard Russell, speculates today that the United States has been avoiding a traditional method of reliquefying its government, an upward revaluation of gold, because it no longer really has its gold reserves.

Russell concludes: "If it's true that the United States has gotten rid of a large portion of its gold, this could turn out to be one of the greatest economic scandals in U.S. history. Technically, gold is part of the Treasury holdings and is owned by the citizens of the United States. It's our gold; show it to us. There is something funny about why they won't proceed with an audit. Something strange is going on."

Russell's commentary is reprinted at King World News here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/7_Ric...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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