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2013-01-06 — bullmarketthinking.com
``Says Gross, "Supposedly they [the US Fed] own a few billion dollars of "gold certificates" that represent a fairy-tale claim on Ft. Knox's secret stash, but there's essentially nothing there but trust...$54 trillion of credit in the U.S. financial system based upon trusting a central bank with nothing in the vault to back it up. Amazing!"''
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