[docjohn52]

I’m guessing this is going to be a classic popcorn moment.

I think Knox is empty, and has been for years, the entire pile is at the New York reserves basement, and isn’t worth counting.

I’ll be happy if they stop printing. And get fired!

[ChildOfThe60s]

I think Knox is empty, and has been for years, the entire pile is at the New York reserves basement, and isn’t worth counting.

Even if it is not empty, it's pretty much acknowledged everywhere there can't be more than about $350 billion at current prices. BFD. Best case is about 2 months worth of the federal budget backed by gold. Might as well be empty for all the good it could do. Beyond laughable.

But I agree, I think FT Knox was looted some time ago.

Don't know if this news has been posted on FR, but it appears the gold fiasco may be getting a lot hotter:

Jim Rickards: At Least One Swiss Bank Has Started Refusing To Hand Over Physical Gold To Clients

http://www.businessinsider.com/jim-rickards-take-gold-out-of-the-bank-2010-12