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No surprise here. The FED answers to no one and especially not to the citizens of the USA.

The gold is long gone and has been for many years. Several US Senators have put in requests to see it and all were turned down, they were told is was a need to know only basis.

1 posted on 07/09/2015 9:41:27 AM PDT by HomerBohn
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To: HomerBohn

If you still have doubts, they can do what they did last time to show us the gold. I believe in the 1980s

Open ONE tiny room in fort Knox and let a couple MSM idiots weigh a bar on a kitchen scale while repeatedly yelling “Yep, the gold is all there!”

I couldn’t find it on youtube this moment but it was so comical and sad that I face-palmed. If anybody can post, would be great!


40 posted on 07/09/2015 10:20:42 AM PDT by varyouga
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To: HomerBohn

How many years has it been gone from Fort Knox? Since you know it’s gone and all.


42 posted on 07/09/2015 10:21:03 AM PDT by FreedomPoster (Islam delenda est)
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To: HomerBohn

need picture of Bear


43 posted on 07/09/2015 10:23:52 AM PDT by molson209 (Blank)
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To: HomerBohn

The gold is long gone. A single bar, smaller than a brick is 25 pounds. A solid gold bowling ball would weigh 224 pounds.
Say the vault actually gave public tours. Shooting or overpowering the guards and stealing it would be a near impossibility given the weight and the Ft. Knox army react force.
But lets just say they don’t do public tours for the standard bureaucracy reasons. Why then should the EVER deny a Senator or Congressman an inspection *at will*?

It’s gone, that is the obvious answer.


45 posted on 07/09/2015 10:26:12 AM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
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To: martin_fierro; Constitution Day

48 posted on 07/09/2015 10:30:09 AM PDT by Tijeras_Slim
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To: HomerBohn; LucyT; null and void
There is lots more to know than is set out here. And this is not offered as a defense of the Fed which certainly does not operate in the best interest of a majority of American citizens.

However, that said, a great deal of information was offered under oath to Ron Paul's committee in the summer of 2011 by Counsel to the fed.

First place, in 1934, the Fed complied with FDR's order and returned its entire stock of Treasury owned Gold to the Treasury in exchange for "Gold Certificates" which represent a sufficient degree of compliance with the Federal Reserve Act of 1913 to permit the fed to manage the gold in accordance with its statutory directive.

Since 1934, the Treasury has acquired something like an additional 1400 Metric Tons +/- of gold which is not owned by the fed nor subject to Gold Certificates which are owned by the fed but which additional gold may be managed by the fed on behalf of the Treasury--total somewhere around 9200-9400 MT +/-.

Much of the Treasury gold is held in cages under the NY Federal Reserve Bank. The gold shown as owned by the Treasury at that location is in fact physically there.

However, general discussions and legal forms in circulation imply that the Treasury may have loaned some gold to bullion bank dealers which in fact may have sold some or all of what they borrowed in the market.

However the terms of the loan required that physical location of the loaned gold is in the possession of the NY Fed which holds possession as a pledge on behalf of the Treasury to secure the borrower's obligation to return the gold on termination of the lease.

Subsequent market transactions in connection with the gold have been executed subject to the terms of the lease agreement under which the seller owned the gold--i.e. the buyer bought the gold at market and paid for it even though it did not get delivery and did not have the right to get possession of the gold outside its cage in the basement of the NY Fed and was at risk that the Treasury would itself take possession of the gold back on a lease termination without even reimbursing the buyer for the price it paid.

One might speculate that the terms of sale further provided that the seller lessee of the gold had the right and obligation to obtain possession by paying the buyer some amount--probably trading market value on the day before the repossession.

57 posted on 07/09/2015 10:49:28 AM PDT by David
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To: HomerBohn
"We know where it is. We know how much there is. We know it's there. None of it has been removed," insists Treasury Inspector General Eric Thorson, as quoted by CNN.

All of this is a red herring. The gold is there. The real question that should be asked, is who actually owns what is there?

The vast majority of the gold in our vaults is not owned by the Feral Government.

59 posted on 07/09/2015 10:50:34 AM PDT by zeugma (The best defense against a bad guy with a gun is a good guy with a gun)
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To: HomerBohn
"If you like your gold bars ..."
68 posted on 07/09/2015 11:33:47 AM PDT by The Duke (Azealia Banks)
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To: HomerBohn

It’s probably in Hillary’s ‘Foundation’....


72 posted on 07/09/2015 2:22:03 PM PDT by GOPJ (How about 'Sanctuary Cities' for people who don't pay taxes? Criminals should be equal, right?.)
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To: HomerBohn

Probably. Several times. To multiple buyers...


74 posted on 07/10/2015 7:29:51 AM PDT by null and void (She who uses rope to contain reporters during her candidacy will use rope to hang them when in power)
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