“There is substantial reason to consider that the actual amount of US gold reserves is much less than claimed.”
Agreed. One big reason for my doubts about our gold reserves is the fact that there has not been a physical inventory of US gold reserves in decades and with all the endemic shenanigans, corruption, theft and graft in our government and the fed, how does anybody know how much is actually there without a physical inventory. For all we know the government stole it and divided it up among themselves and Fort Knox is empty.
More than decades. If I recall correctly the last proper audit was during the Eisenhower Administration.
Remember how hard they fought Ron Paul when he was trying to get an audit of the gold? It seems like a no-brainer and there’s no reason not to. Unless they’re lying about the gold. The fact that they adamantly refuse to have an honest audit pretty much answers the question in my mind.
And there are some questions about how gold is handled that I wish someone who knows more than I could chime in on. But the way I read it, the United States could lease gold to India, And then India could sell the gold for currency. Yet somehow that gold is still counted in our inventory because we only leased it