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How much gold is in Fort Knox and who owns it?
bvw | 29 March 2009 | bvw

Posted on 03/29/2009 11:07:39 AM PDT by bvw

Sorry, not taking Wikipedia as a source. Nor are spurious "conspiracy theory" comments welcomed. It's an honest question.

Answers should cite primary sources and such primary sources should cite date and type of audit. I also expand this question to include all US stores, where the gold is owned by the US.

Answers must distinguish between "holding" and "ownership", the question is to ownership!

I note that a great failing of our times is that people do not know how to keep books anymore, and even less how to audit. Too many make assumptions, or give a cheap pass to references that are poor, weak, secondary, misread, and often false in detail, as sources.


TOPICS: Education; History; Society
KEYWORDS: bahog; fortknox; gold; goldbug; nixon; richardmilhousnixon; richardnixon
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1 posted on 03/29/2009 11:07:39 AM PDT by bvw
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To: bvw

2 posted on 03/29/2009 11:09:26 AM PDT by Perdogg (Go Tarheels)
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To: bvw

I sure hope BO and his comrades didn’t send all of it to that “Cash 4 Gold” guy on TV.


3 posted on 03/29/2009 11:09:28 AM PDT by FlingWingFlyer (Say goodbye to "BIG business" and hello to BIG, BIG government!)
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To: bvw

Fort Knox is just a decoy. The gold is in my shed.


4 posted on 03/29/2009 11:10:54 AM PDT by Conspiracy Guy (I voted Republican because no Conservatives were running.)
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To: bvw

Ask Ron Paul I’m sure he will have a totally sane and coherent answer for you.


5 posted on 03/29/2009 11:11:52 AM PDT by exist
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To: bvw
The Federal Reserve or The Rothschild's
6 posted on 03/29/2009 11:12:10 AM PDT by 1believer (even with sheep you must watch out for the ram)
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To: Conspiracy Guy
According to Die Hard: With a Vengeance there is more gold in the FRB in New York.
7 posted on 03/29/2009 11:12:52 AM PDT by Perdogg (Go Tarheels)
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To: bvw

This is going to be a very short thread, given your insistence on primary sources. Those would have to be the Federal Government, owner and operator of the Gold Vault. Unfortunately, they aren’t saying and haven’t done for as long as the vault has been in operation. They allowed a group of politicians and reporters in during the 70’s to look around, but not since.


8 posted on 03/29/2009 11:20:07 AM PDT by centurion316
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To: bvw
Not sure on the ammount of gold. Good luck getting your hands on a few bars though.....I think there is a heavy penalty for early withdrawl....
9 posted on 03/29/2009 11:20:19 AM PDT by jakerobins
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To: All

Oh, I’m also taking the idiocy temperature of Free Republic with this thread. So far — very high.


10 posted on 03/29/2009 11:20:21 AM PDT by bvw
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To: bvw

This sounds like a test question from school.

You don’t want much do you?


11 posted on 03/29/2009 11:20:30 AM PDT by Jeffrey_D.
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To: Perdogg

The FRB in New York is another decoy. My shed is where the gold is kept


12 posted on 03/29/2009 11:20:41 AM PDT by Conspiracy Guy (I voted Republican because no Conservatives were running.)
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To: bvw

“Gold As Theatre”

http://www.onlygold.com/articles/ayr_2001/So_Whose_Gold_is_it_at_Fort_Knox(September_1_2001).asp

I don’t know how much this will help you, but it is an interesting read.


13 posted on 03/29/2009 11:20:50 AM PDT by Califreak (111th Congress: Destroying America With Reckless Abandon)
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To: Jeffrey_D.

Yep, I expect a lot.


14 posted on 03/29/2009 11:21:34 AM PDT by bvw
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To: bvw

The answer is, millions if not billions of times what the world will ever need for electrical connectors and jewelry, which are the only two rational uses for the stuff, i.e. the value of gold is based on psychiatry and not economics or physics or any such.


15 posted on 03/29/2009 11:21:41 AM PDT by wendy1946
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To: wendy1946

Actually, gold is an average conductor at best and silver is the best.


16 posted on 03/29/2009 11:23:32 AM PDT by newfreep ("Liberalism is just Communism sold by the drink." - P.J. O'Rourke)
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To: bvw
Here's a Gold Cuff Link!

Click her butt!

17 posted on 03/29/2009 11:23:41 AM PDT by Young Werther (Julius Caesar (Quae Cum Ita Sunt. Since these things are so.))
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To: bvw

The Illusion of Gold Reserves - Deep Storage, Deeper Holes, Deepest of Troubles

http://www.marketoracle.co.uk/Article661.html


18 posted on 03/29/2009 11:25:01 AM PDT by Califreak (111th Congress: Destroying America With Reckless Abandon)
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To: wendy1946

Sorry, doll, but the primary use of gold throughout history — for at least four thousand years — is as a store of value, trading and coinage.

That’s rational too. The reasons being that Gold is rare and highly limited supply, it does not tarnish and it can be divided up quite well. All rational reasons.


19 posted on 03/29/2009 11:25:23 AM PDT by bvw
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To: newfreep

Actually.... there actually is one other plausible use for gold but it would never happen: it would be the most perfect possible metal for waterfowl shot, half again more dense than lead and totally inert. You could kill geese with 2.75” shells.


20 posted on 03/29/2009 11:26:14 AM PDT by wendy1946
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