New York US Fed President Dudley owned shares of insurer American International Group (NYSE: AIG) and General Electric Co. (NYSE: GE) while they negotiated massive emergency funding bailouts for the insurance and finance companies.
Here is a good one – Dallas US Fed President Richard Fisher (see picture), one of the richest of the 12 US Fed presidents. He’s well known figure of the financial industry, having worked as a banker, broker, and hedge fund manager, accumulating at least $21 million in the process. According to sources, Fisher has acquired over 7,000 acres of farmland, and $50,000 each in platinum and uranium.
He also owns some of that stuff US Government doesn’t think is real money. Fisher is practically a gold bug with $1 million invested in the SPDR’s Gold Trust (NYSE: GLD).
Your hope: Do what the insiders are doing, buy gold !