US Exported 450 Percent More Gold Than It Had Since 1991

A respected research house released findings this week that suggest that since 1991 the US has exported about 5,500t of gold when it in theory only had 1,000t of surplus over that period to export.  It has reinforced previous speculation that the US Fed has leased out 4,500t of gold, possibly to the bullion banks to support their massive shorts, and doesn’t have the reserves it reports.