[Georgia Girl 2]

“I don’t think the USA has enough gold to cover all of its paper money.”

“Do we?”

Nobody knows for sure but there has not been anybody allowed in Ft. Knox since the 60’s. So you be the judge.

I read an article last year that showed Obama quietly sold off most of the remaining gold in 2009. It was buried on one line in a report that was posted online. So who knows?

[DannyTN]

"Gold is valued at the statutory price of $42.2222 per fine troy ounce. The number of fine troy ounces was 261,498,900 as of September 30, 2010, and 2009." - Treasury Financial Statement Note 2. - Treasury Financial Statement Note 2.

261 Million oz * $1300 = $338 Billion. So no, clearly there is not enough gold to cover the dollars printed. But then they never claimed there was. And it's of no consequence, because the Fed has kept the dollar significantly more stable than it was on the gold standard.

By the way, there are only about 5 billion oz of gold in the world. So even if the US had it all, it would cap the money supply at $6.5 trillion. With 6 billion people in the world, going to a gold standard is a really stupid, stupid idea.