Skip to comments.How much gold is in Fort Knox and who owns it?
Posted on 03/29/2009 11:07:39 AM PDT by bvw
Sorry, not taking Wikipedia as a source. Nor are spurious "conspiracy theory" comments welcomed. It's an honest question.
Answers should cite primary sources and such primary sources should cite date and type of audit. I also expand this question to include all US stores, where the gold is owned by the US.
Answers must distinguish between "holding" and "ownership", the question is to ownership!
I note that a great failing of our times is that people do not know how to keep books anymore, and even less how to audit. Too many make assumptions, or give a cheap pass to references that are poor, weak, secondary, misread, and often false in detail, as sources.
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?
The FRB in New York is another decoy. My shed is where the gold is kept
“Gold As Theatre”
I don’t know how much this will help you, but it is an interesting read.
Yep, I expect a lot.
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.
Actually, gold is an average conductor at best and silver is the best.
The Illusion of Gold Reserves - Deep Storage, Deeper Holes, Deepest of Troubles
Sorry, doll, but the primary use of gold throughout history — for at least four thousand years — is as a store of value, trading and coinage.
That’s rational too. The reasons being that Gold is rare and highly limited supply, it does not tarnish and it can be divided up quite well. All rational reasons.
Actually.... there actually is one other plausible use for gold but it would never happen: it would be the most perfect possible metal for waterfowl shot, half again more dense than lead and totally inert. You could kill geese with 2.75” shells.
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