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June 28, 2011

Fort Knox: What to Do with the US's gold

Fort Knox: What to Do with Old Yeller - The Curious Capitalist - TIME.com: "Fort Knox: What to Do with Old Yeller
Posted by ROYA WOLVERSON Tuesday, June 28, 2011 at 6:00 am
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Should the U.S. sell off its gold reserves to pay down debt? That's the latest idea being tossed around by gold bug Ron Paul. Not only would selling Old Yeller help the U.S. pay its bills, says libertarian Paul, but it would put more gold in the hands of the American people and pull back the reins on the Federal Reserve, which is printing money like mad and debasing the value of our currency. So insistent is Paul about this strategy that he challenged the government to a gold audit to make sure its stash of bullion at Fort Knox is really all there. (According to the Treasury's inspector general, it is.) So is selling it a good strategy, or is Paul just a crazy kook?"

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China family swoops on RAB funds

China family swoops on RAB funds
By Sam Jones in London

One of China’s wealthiest families has swooped to acquire funds from the wreckage of London-based RAB Capital in a move that will create one of the biggest new hedge fund startups this year.

The deal will catapult one of Asia’s biggest private conglomerates into the centre of the resurgent hedge fund industry and comes just days after RAB – once a posterchild for London’s hedge fund boom – was forced to delist from the UK Aim market because of client redemptions

China family swoops on RAB funds - FT.com:

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Paulson & Co the largest non-governmental owner of gold in the world

"Paulson & Co the largest non-governmental owner of gold in the world"
A rare mis-step for Paulson - FT.com:
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