Skip to comments.Selling Gold at Fort Knox Emerges as Next Big Question in Debate on Federal Debt Limit
Posted on 05/17/2011 12:21:08 PM PDT by statestreet
NEW YORK The next big question on the federal debt limit could be whether to start selling the governments holdings of gold at Fort Knox and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move.
The question has been ricocheting around the policy circles today. An analyst at the Heritage Foundation, Ron Utt, told the Washington Post that the gold holdings of the government are just sort of sitting there. He added: Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak.
(Excerpt) Read more at nysun.com ...
What leads anybody to suspect there is still a substantial amount of holdings of gold at Ft Knox?
There’s a reason why the Federal Rrserve doesn’t want to be audited.
Can’t sell what ya ain’t got...
There is probably some, just not a lot.
It would make good sense to sell that gold now while the price is in a bubble.
The gold is in a lock box....
Well, since our currency is not back by precious metals any longer, would it cause any problems to sell off gold? Wouldn’t it be the same as selling off federal lands, or other federal assets, to try to trim the deficit?
The Federal Govt. owns a lot of assets it should probably dispose of—and it could start with land.
In some western states, the Federal govt owns enormous amounts of land; over 80% of the land in Nevada; over 40% of California, Utah, Arizona, and New Mexico; over 50% of Oregon; & the list goes on.
I don’t think the founding fathers ever envisioned that much of any state’s land being in the hands of the federal government (or the state government for that matter).
Why “sell” the gold when fedzilla can just keep printing FRAUDS, destroying their value and screwing not only the nations holding US paper but all the rest of us with the same hyper-inflation.
...in ALGORE’S closet.
Would be nice to have an audit of Fort Knox to determine it’s not gold plated tungsten stored there.
CUT SPENDING AND CREATE CONDITIONS FOR GROWTH AND STOP ****ING AROUND WITH THESE INSANE IDEAS!
I would be concerned that the powers that be today would sell USA land to any nation in order to distribute our wealth. Think China, Brazil and even Kenya.
Outstanding idea. We need to sell off those assets and it would make a great contrast to see the Left go nuts. Sell the acreage in open public auctions online.
We could also sell the rights to build nuclear power plants on military bases. Wouldn’t that skip a whole lot of rigamarole, etc.? Then just sell the “excess” energy back to the grid.
The ideas are endless. Do we really need Puerto Rico, US Virgin Islands, etc.? I’m not being facetious at all. What’s it cost to keep those places?
The FEDS have no reason to be in the gold business. Sell it. All of it.
Yes, sell when the "peak" is at $1,500/oz. Then we can buy it back at when the "peak" is $5,000/oz!
Maybe we would be better off if we stayed within our budget, and moved toward a new gold standard instead.
$5 gold piece with Obama's face on it.
Think they'd sell?
BWAHAHAHAHAHAHAHAHAHAhahahahahahahaha! ! ! ! ! ! ! ! ! ! !
That'd be, like, as big as my little finger nail...
The federal government has no business owning any land in the States.. or any land at all.. even Washington D.C...
National Parks should be State Parks.. All State resources should be leased short term from the State..
Is the federal government a vassal of the States or are the States vassals of the federal government?..
THIS IS the current Civil War.. and will only be resolved when this question is answered..
This is the very thing that has made, and makes America different from every other government on this planet..
Who is in charge the States or the Federal government?..