[Defiant]

How much gold is actually in Fort Knox?

[cincinnati65]

I keep harping on it, but $6T is more than the U.S. spent for World War II -- every plane, ship, tank, gun, bullet, meal, uniform, and gallon of gas. In inflation adjusted terms, total spending for WWII was $4.1T.

Amazing.

[freedommom]

maybe you don’t know about a 43 trillion$ lawsuit to go to the nation treasury....eric holder and timothy geitner are just several of the infamous defendants..

http://beforeitsnews.com/2012/2012/10/major-banks-govt-officials-target-of-43-trillion-dollar-lawsuit-2438918.html

[immadashell]

I’m in Upstate NY. Voted a straight Republic ticket. It’s not ALL about the Presidency.

So if there are only 249 containers available and 431 containers are required, then, in dollar terms, gold should be worth $2,930.45 per ounce. At today's spot price of $1,693.30 per ounce, this looks like a buying opportunity to me.

[Sergio]

bkmk

[Praxeologue]

Inflation helps debtors, in this case the US federal government. Since Inauguration Day 2009, US federal debt in ounces of gold has DECREASED 23%. The losers have been savers.

Let’s look at the math:

SPOT GOLD $ PER OUNCE
January 20, 2009 : $853.25
November 7, 2012: $1,692.80
INcrease: $839.55, or 98.4%

US FEDERAL DEBT IN TRILLIONS
January 31, 2009: $10.632
November 1, 2012: $16.222
INcrease: $5.59, or 52.6%

US FEDERAL DEBT IN BILLIONS OF OUNCES OF GOLD:
January 2009: 12.46 billion ounces
November 2012: 9.58 billion ounces
DEcrease: 2.88 billion ounces, or 23.1%