When the Federal Reserve buys Gold and Currency

[Jac]

ABC's of what the Fed does to keep currency where they want it.

God Bless America and IQD Investors!

Edited August 1, 2011 by Jac

[WallyWeaver]

Thanks for the post, Jac! It was very informative.

[Jac]

Thanks for the post, Jac! It was very informative.

It makes one wonder if the Federal Reserve is controlling the rate of the Iraqi Dinar.

God Bless America!

[A D]

I'm not able to see the link.

:/

[Jac]

I'm not able to see the link.

:/

There is the link for you!

God Bless America!

[Nomadft]

IMO, i think the U.S. has alot more to about the dinar than we as investor can see, and I would be very surprised if they let Iraq LOP the dinar, of course nothing is set in stone, but if the rumors are true that the UST has trillions of dinars locked away in some vault there is no way in the world we'll let it go for pennies. Iraq screwed up when they released the dinar to the outside public and now they'll are going to have to pay for it, thats not our fault. But than again we all could be wrong and the US have screwed up sweet deals before or that's what it looks like to us on the outside. IMO.

[A D]

There is the link for you!

God Bless America!

Thanks! I got it now, interesting.

[tommyboy]

It makes one wonder if the Federal Reserve is controlling the rate of the Iraqi Dinar.

God Bless America!

I believe the CBI does that through their currency auctions where they buy dollars till they have a stable price on dinar, which is required by IMF to be in WTO.