alanjjohnstone wrote:Not had

Not had time to fully read or understand the article but i am sure others may find it of interest. It does repeat what we now believe to be a myth about fractional reserves and goldsmiths. The update is that the fed is manipulating the gold price because the banks no longer can cover their reserves under fractional rules.  The Fed and gold :- http://www.informationclearinghouse.info/article37413.htm