Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed? Congressman Ron Paul Pressures

zero hedge ^ | 6/17/11 | Tyler Durden

[Nachum]

Full title: Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed? Congressman Ron Paul Pressures U.S. Treasury

[MeganC]

This is silly and a waste of time. The Fort Knox reserve is audited and there’s never been a problem in 70 years there. We’ve got other things to do and why Ron has gone down this path eludes me.

[Las Vegas Ron]

Can we get Whoraldo to open the vault?

[sten]

considering the pattern over the last 2 years of gold dropping on US open... and climbing after market close... i wouldn’t doubt we’ve been selling off.

[DannyTN]

"This is silly and a waste of time'

Agreed. The Audits are on the web for all to see. Ron Paul is just using this as something to rile his base up. I think it's a very dishonest tactic and Ron's focus on the Federal Reserve instead of Congressional spending is a distraction.

[China Clipper]

Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed?

Nevermind.....

[wideawake]

Ron Paul (R - Uranus) is arguing that the audits are not dependable, and that we need to spend tax money on bringing in external auditors in to reaudit it.

[Conservative Vermont Vet]

This is silly and a waste of time. The Fort Knox reserve is audited and there’s never been a problem in 70 years there. We’ve got other things to do and why Ron has gone down this path eludes me."

It is?

Audited?

How often and when was the last time?

And by whom?

If so that is new to me, who considers himself rather knowledgeable of the goings on within our Republic and stays mostly abreast of all current events, as I've never seen ANYTHING in any media re: this issue.

If in fact so, I imagine you can direct me (and any other of us Freepers who are skeptical) to a "Report" which details the amount of Gold on hand?

[wrench]

I hope they check for the gold wrapped tungsten bars manufactured during Clintoon’s reign.

[RightWingConspirator]

Knowing how dishonest Zerobama is, when they open up the vault, they are likely to see “Property of the Peoples Republic of China” on all of the bars.

[B4Ranch]

Are you saying, “I fully trust everything Obama says”?

I don’t and I want every step he takes verified and reverified.

[Straight Vermonter]

By back of the envelope says that gold funds the government for......22 whole days. Whoopeeee!

[Straight Vermonter]

By=my

[2001convSVT]

If the US is selling I will look for a dip in the price and be buying as much as I can.

[COBOL2Java]

I wonder how deep the gold coating on those tungsten bars is?

[JimC214]

Paging James Bond.

[Rebelbase]

“spend tax money on bringing in external auditors in to reaudit it.”

Should be applied to the Federal Reserve as well.

[panaxanax]

IMO, I think the fed is avoiding an independent audit because they will find little (if any) gold in the vaults.

This would bring about the greatest worldwide run on banks ever seen and the U.S. would have a credit rating near zero.

Not to mention that the price of gold would hit $5000.00+ overnight. Bad things would happen globally.

We, as taxpayers, deserve to know exactly how much we have in reserve. No matter the consequences. I’m with Ron Paul on this one.

[Vaduz]

At least 60%.Germany knows how it works.

[razorback-bert]

Got a link?

I am on a slow connection.

Thanks