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Fed shorting gold to support dollar, former Assistant Treasury Secretary Roberts says - Chris Powell - GATA

At $1600/oz China can buy 69,000 t of gold with their foreign reserves. At this stage it doesn't realy matter if they are enabled to buy another 10,000 t for the same summ, since there's they can't even 69,000 at the market in the first place.

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Beginning of the headline :Interviewed this week by Chris Waltzek of GoldSeek Radio, former U.S. Assistant Treasury Secretary Paul Craig Roberts says he believes the Federal Reserve is surreptitiously shorting gold to support the dollar in the Fed's low-interest-rate environment, which ordinarily would weaken the currency. The interview is 29 minutes long and Roberts' comments about gold begin at about the 17-minute mark. You can listen to it at GoldSeek Radio here: http://radio.goldseek.com/nuggets.php... Read More

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