Monday, February 20, 2012
Friday, February 17, 2012
Thursday, February 16, 2012
Tuesday, February 14, 2012
Monday, February 13, 2012
Friday, February 10, 2012
Thursday, February 9, 2012
1. United States
Value of reserves: $418.39 billion
Holdings total: 8,965.6 tons
The United States holdings are held at Fort Knox, Philadelphia Mint, Denver Mint, West Point Bullion Depository and the San Francisco Assay Office.
Value of reserves: $174.7 billion
Holdings total: 3,743.7 tons
3. The International Monetary Fund
Value of reserves: $144.76 billion
Holdings total: 3,101 tons
The International Monetary Fund (IMF) oversees international economic operations of 185 member countries. Its gold policies have changed in the last 25 years, but the reserves remain to stabilize international markets and aid national economies.
Value of reserves: $126.12 billion
Holdings total: 2,702.6 tons
Value of reserves: $125.28 billion
Holdings total: 2,684.6 tons
Value of reserves: $54.22 billion
Holdings total: 1,161.9 tons
China's gold only accounts for 1.8 percent of foreign reserves. With a population of 1.34 billion, the country holds about $40.46 worth of gold per person, totaling $54.22 billion.
at 9:08:00 AM
Wednesday, February 8, 2012
Sunday, February 5, 2012
Friday, February 3, 2012
"I believe that banking institutions are more dangerous to our liberties than standing armies."
Citigroup’s main brokerage subsidiary, its predecessors or its parent company were considered by the SEC to have violated the law against purposeful or negligent fraud of customers under interstate commerce five times: in 2000, 2005, 2006, 2010 and 2011. In each instance, the firm undertook “never to breach the law again”.
Bank of America, which now includes Merrill Lynch, was found by the SEC to have violated security laws some sixteen times and made similar pledges on each occasion.
JPMorganChase, which now includes Bear Stearns, was found by the SEC to have violated security laws some twelve times and made similar pledges on each occasion.
The scorecard for other big financial institutions is: UBS —seven times; Goldman Sachs —three times; Wachovia —three times; AIG —twice. The list goes on.
My point ???? Do not rely on these institutions for your financial future. If you already do, make it a serious focus to reduce your reliance on them.
at 11:40:00 AM