Does the Fed trade gold in “open market operations”?

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Does the Fed trade gold in “open market operations”?

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Quick question, is there any record of the Federal Reserve’s buying and selling of gold in their open market operations? It is taught that they “can” facilitate gold, but i was wondering if there were some data sets that would confirm. The reason i ask is because if they were to do such things, selling gold (the Fed) during times of inflation could potentially create a terrifying imbalance… Any insight? Be mindful of the future, but not at the expense of the present. For in the present is where we shape our future. –> Reply With Quote –> 01-21-09 02:31 PM #2 oldreliable67 Guru Join Date Oct 2005 Last Seen05-26-10 @ 11:44 AM Gender Lean Undisclosed Posts 3,167 Thanks 219 Thanked 345 in 241 Posts Re: Does the Fed trade gold in “open market operations”? “open market operations” are covered by a specific directive from the Board to the account manager at the NY Fed. Here is a typical directive (they are pretty much unchanged from year-to-year;this one happens to be from 2006): Authoriz

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