They did the same thing back in the early Seventies. Some congresscritters complained, they got to go in, and sure enough... there was gold. I saw the film footage myself.
That shows how pathetic recent events are. Less than $200B worth of gold in Fort Knox? That’s chump change to what they have spent in Monopoly money.
I figure that the government has been quietly and slowly selling off gold for worthless paper money for a long time.
Frankly, it doesn’t really matter if the government holds gold. If they’re not going to actually USE it like they’re supposed to...
$137 Billion? What is that, two weeks of government spending?
I have a friend who had the misfortune to get a flat tire on the outer perimeter of Ft. Knox. Said its amazing how quickly one can fix a flat with 2 heavily armed guards breathing down your neck.
There’s gold there. Surely some good ole boy has a couple hundred gallons of good Kentucky ‘shine there as well.
Kinda silly that the article ends with a list of ‘conspiracy theories’ just because some congresscritters(Ron Paul) and citizens are asking for a full and unfettered audit of Fort Knox.
It’d be a hoot if the vault turned out to be full of only IOUs.
Yes and hopefully the Obama administration will not find a way to use it up.
Ron Paul is a turd and this is just plain stupid from the showboat.
Not mentioned is “gold leasing” where a large gold owner “leases” their supply to someone else for a set sum to be paid every month. I am not sure what happens in the event of default or if it all just an accounting maneuver.
I saw a TV show on that last audit of Fort Knox, and the only time a TV crew had been allowed on premises.
As I recall, the amount of gold transferred there after the government confiscation of private gold, was 6 billion dollars. If there's supposed to be $137 billion there, that's absolutely nothing, compared to the annual budget of the USA. There might as well be nothing stored there, when you consider that the annual deficit dwarfs that amount.
Mark