I sure hope BO and his comrades didn’t send all of it to that “Cash 4 Gold” guy on TV.
Fort Knox is just a decoy. The gold is in my shed.
Ask Ron Paul I’m sure he will have a totally sane and coherent answer for you.
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.
)
Oh, I’m also taking the idiocy temperature of Free Republic with this thread. So far — very high.
This sounds like a test question from school.
You don’t want much do you?
“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.
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.
Click her butt!
The Illusion of Gold Reserves - Deep Storage, Deeper Holes, Deepest of Troubles
http://www.marketoracle.co.uk/Article661.html
Do you think the US Mint is a bad source?
If so this link provides the answer:
http://www.usmint.gov/about_the_mint/fun_facts/index.cfm?flash=no&action=fun_facts13
I saw a TV show about this approx. a year ago. Can’t remember where. Maybe PBS or History Channel. They went thru all the myths and stories. Basically trashed the conspiracy theories. They said how much gold was there, but I can’t remember what they said. Some of it is not owned by us. They apparently store gold and jewels, etc. for a few foreign nations there. In one case, the nation in question sent their crown jewels to Fort Knox in order to protect them from dictators who’d overthrown the government about 60 or so years ago. They did an inventory (in the 70’s???). They interviewed the guys who did it. Because of the conspiracy theories, Congress sent a bunch of pols to Fort Knox to see if the gold was really still there. They came out with big smiles on their faces, saying stuff like “Wow!”
There is, currently, no answer to you question.
Please try again when the sheeple give a . .. shoot, spilled my coffee.
I have been listenng to the book the Power of Gold that details the history of gold and monetary policy. It sounds dreary and boring but is really quite interesting.
It turns out that in the basement of the Federal Reserve Bank of New York, there were vaults parceled out to various countries and in which was stored their gold. That is, the gold was the property of sovereign governments.
This gold was used when necessary to settle the balances in international trade. If it became necessary for France to settle with America, gold bars would be moved from one vault to the other and then proper accounting entries would be made between the central banks and the local banks.
In times of unrest, gold would depart the uneasy country and come to America, to the Federal Reserve Bank, for safe keeping.
In 1973, we went off the gold standard and physically moving gold bars around became unnecessary. What happened to the gold?
Is is still in the bowels of the Fed of NY?
(The last disk became corrupted and I didn’t get to hear the ending)
Are you all aware that we can now make gold out of lead, as the alchemits struggled for centuries to do? Takes a nuclear reaction, tho, and thus far has not been cost-effective.
How much gold is in Fort Knox and who owns it?
Not much.
Not you.