Reports are that there has been no audit of the U.S.gold at Ft Knox for going on 50 years. Would the Govt permit that behavior of private businesses?
With the Govt, where there is stink, there is nearby cr*p.
Dollars to donuts, there is an incredible and corrupt story re. the Ft Knox gold.
“.... but I dismissed it as satire.”
“If we believed that one, we might also believe that Obama is actually an elaborate plant by the vast right wing conspiracy. His mission was to govern as an ‘in your face’ communist dictator,destroy our economy and so scare the normal, sane and good people of this country, that a democrat would never be elected as president, a senator or congressman again. Thus saving capitalism from a communist coup for all time and putting us back on the road to fiscal sanity.
Naw...it couldn’t be that..could it? LOL!”
Well, the voting record of the American voting public shows such a plan would work only for the duration of the memory of the voting public....or about 10 months.
As far as the US is concerned, even assuming the Fed is telling us the truth (serious doubt there), $300 billion in gold reserves isn't of any serious value. That doesn't cover 1/6 of this year's admitted deficit. Forget the total debt.