1 March 2024
ZeroHedge highlights longstanding concerns regarding the transparency and accuracy of the gold reserves reported by the Federal Reserve on behalf of the U.S. Treasury. Notably, these reserves have not undergone a formal, independent audit since the era of President Eisenhower, casting doubt among skeptics, including the Gold Anti-Trust Action Committee (GATA), on the actual existence of the gold. Critics suggest that the gold may have been leased to bullion banks as part of an official strategy to suppress gold prices and mask economic and financial instability. GATA’s investigations, enriched with both circumstantial and concrete evidence, suggest a coordinated effort by the Federal Reserve alongside international institutions like the BIS, ECB, and BoE to manipulate gold prices and obscure potential economic warnings.