[Perdogg]

I think the point is not to argue weather there is real gold or not, but what the consequneces would be if it turned out that the gold was not real.

[markomalley]

I think the point is not to argue weather there is real gold or not, but what the consequneces would be if it turned out that the gold was not real.

I understand.

The jpeg was in response to "Coast-to-Coast" -- not the subject of the presence or non-presence of any aurum in the Ft Knox vault.

[markomalley]

$167,366,379,006.10 worth of Gold in Fort Knox.

Total Claimed Gold Reserves held by the USG: 261,498,095.534 troy oz (= $325,975,680,949.82 at Friday’s FOREX rate of 1246.57 per troy oz)

The M2 for July 2010 was: $8,596,200,000,000. That means that the total gold reserve for this country is only about 3% of the value of the total money supply (minus long term deposits).

The point is that whether or not there is or is not any gold in Ft Knox, we aren’t going back to any kind of a gold standard. I don’t care what Ron Paul, Alex Jones, or George Noory says.