Is the Gold still in Fort Knox?

dmnEPC

dmnEPC

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So just got done watching Brad Meltzer's Decoded on History channel where they were doing a show about Fort Knox and whats stored there. Basically they called into question whether the gold is still stored there or if maybe its been moved or possibly even spent.


To me this raises a very interesting question. If the gold has been spent and it becomes public what will that do to not only the US economy but the world economy? To me I would think it would all but collapse the US economy and you would see mass panic. Its been almost 40 years since the last audit, if the gold is still there should another audit be allowed? If its not there I am sure you will never see an audit or and admission by our government. I do think it would be interesting to go and study the gold supply (actual Oz's) since 1974 and see if any anomalies exist. Any thoughts? Or is it Tin Foil Hat time?

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[ame=http://www.youtube.com/watch?v=oipq4F_680A]Ron Paul REQUEST AUDIT FOR FORT KNOX AND IF THE IMF/FEDERAL RESERVE HAS THE GOLD(HR 1495).flv.temp - YouTube[/ame]
 
Since the dollar is no lobger backed by gold it doesn't really matter. That's why we can keep printing cash.
 
dmnEPC said:
So just got done watching Brad Meltzer's Decoded on History channel where they were doing a show about Fort Knox and whats stored there. Basically they called into question whether the gold is still stored there or if maybe its been moved or possibly even spent.


To me this raises a very interesting question. If the gold has been spent and it becomes public what will that do to not only the US economy but the world economy? To me I would think it would all but collapse the US economy and you would see mass panic. Its been almost 40 years since the last audit, if the gold is still there should another audit be allowed? If its not there I am sure you will never see an audit or and admission by our government. I do think it would be interesting to go and study the gold supply (actual Oz's) since 1974 and see if any anomalies exist. Any thoughts? Or is it Tin Foil Hat time?

eF9sa.jpg
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Why would it collapse the US economy? We're not on the gold standard anymore bro.
 
Falian said:
Why would it collapse the US economy? We're not on the gold standard anymore bro.
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No we are not on the gold standard. Backed by the full faith of the US government means we are on the trust standard. Our citizens believe that we are a country with significant reserves (gold ) as does the rest of the world. If you take the 1 thing that people believe in as always having value (gold) and tell the public that we no longer have any or the ability to back our paper money (which we dont) and to just keep trusting us this will cause mass panic.

Regardless of the gold or not, people and countries are loosing their confidence in the US and you could easily see the US fall by the wayside in the next 50 years. The fact that they still hold one of the largest gold holdings in the world is very important to the worlds economy.
 
dmnEPC said:
No we are not on the gold standard. Backed by the full faith of the US government means we are on the trust standard. Our citizens believe that we are a country with significant reserves (gold ) as does the rest of the world. If you take the 1 thing that people believe in as always having value (gold) and tell the public that we no longer have any or the ability to back our paper money (which we dont) and to just keep trusting us this will cause mass panic.

Regardless of the gold or not, people and countries are loosing their confidence in the US and you could easily see the US fall by the wayside in the next 50 years. The fact that they still hold one of the largest gold holdings in the world is very important to the worlds economy.
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Is that your opinion? Or is it shared by respected economists? If so, please link. I'm talking about the gold reserves comment.
 
It was all moved from Fort Knox to an undisclosed underground location the day after 9/11.
 
Falian said:
Is that your opinion? Or is it shared by respected economists? If so, please link. I'm talking about the gold reserves comment.
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Well the World Gold Council puts at #1 for largest gold holdings in the world at estimated Value of reserves: $522.16 billion Holdings total: 8,965.6 tons. So your telling me that if it turns out that this gold is gone there wouldnt be any ramifications?

Edit. And when you consider that the IMF is #3 on that list (which the US is a major player in) that's an awful lot of gold we claim to represent
 
dmnEPC said:
Well the World Gold Council puts at #1 for largest gold holdings in the world at estimated Value of reserves: $522.16 billion Holdings total: 8,965.6 tons. So your telling me that if it turns out that this gold is gone there wouldnt be any ramifications?

Edit. And when you consider that the IMF is #3 on that list (which the US is a major player in) that's an awful lot of gold we claim to represent
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You're dodging my question. I didn't ask you how big our reserves are. I asked you if any reputable economists have even mentioned our gold reserves as significant when it comes to confidence in the U.S.

Our yearly deficit is twice the estimated value of our gold holdings..
 
Falian said:
You're dodging my question. I didn't ask you how big our reserves are. I asked you if any reputable economists have even mentioned our gold reserves as significant when it comes to confidence in the U.S.

Our yearly deficit is twice the estimated value of our gold holdings..
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Wasn't dodging the question, didn't really know what you were asking. I am sure in about 10 seconds on Google you will find what your looking for. Where do you think the trust in our economy came from? By our ability to repay our debts. Its no secret that our government has been printing money well beyond our means for some time. The point I am making is people still have the belief that we are one of the richest countries in the world and have the assets to back it up. If it turns out that we cant (which we cant) there would be major problems which will be far greater than anything we have ever seen since this country was formed.
 
dmnEPC said:
Regardless of the gold or not, people and countries are loosing their confidence in the US and you could easily see the US fall by the wayside in the next 50 years. The fact that they still hold one of the largest gold holdings in the world is very important to the worlds economy.
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I'll give it 30 years.
 
It's not so much tinfoil hat thinking but real-world-as-RTS thinking, because if the gold isn't there you won't have resources to make firebats and bunkers to fend off the zerglings.
 
i live literally 15 minutes from the building itself and drive within 50 yards of it ( looking right at it ) about 3x a week if not more.

its a joke of a compound, anyone driving along US 31w can turn off the road, run thru the fence ( basic fence with barbed wire on top, like at jails ) and be right on their lawn with no trouble. Im not talking about a front gate/fence, Im talking about one on the side, like your neighbors back yard fence. Several years ago a child crawled thru one of the drainage pipes that lead from their lawn to the road and was within stone's throwing distance of the building.

after that happens though, IDK. considering its that easy to be within less then 50 yards from the building it that way, I vote no gold. they are building an extra guard shack right now right along the fence and the shit is unprotected and left open like a Mexican border crossing.

however, knowing your suppose gold is protected by not only the biggest armory in the US with tanks, army ground troops and fighter jets just minutes away, it may actually be the safest place for it.
 
Regan had a commission done in the early 80`s, appropriately called the ``Gold Commission``. I`ve never looked at it but apparently they reported to congress that there was no gold in Fort Knox, the Federal Reserve took it as collateral on the debt.

Long gone IMHO
 
dmnEPC said:
estimated Value of reserves: $522.16 billion...

The point I am making is people still have the belief that we are one of the richest countries in the world and have the assets to back it up. If it turns out that we cant (which we cant)
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The US spends more in one year on their military. For starters, they have something like 10,000 nuclear missiles, 80 nuclear submarines, and 10 aircraft carriers. Now try and wrap your head around the value of that and everything else they have, including top secret and black budget stuff.

Gaddafi was sitting on top of trillions of dollars in oil reserves, but I'm sure he now wishes he instead had more of a defense.

On a related note, Gaddafi wanted to stop using the dollar and introduce a gold backed currency. Saddam was also going turn away from the dollar.

Was it coincidence that the US wanted to bring "freedom" to these countries right after these announcements, or were these prime examples of how military muscle backs the dollar?


[ame=http://www.youtube.com/watch?v=GuqZfaj34nc]Gaddafi gold-for-oil, dollar-doom plans behind Libya 'mission'? - YouTube[/ame]
 
The currency and economy are fully detached from gold reserves. Fort Knox is irrelevant to all but some out-of-touch entrenched fanatics.

The USD is beyond gold valuation a long time ago. Firmly in the realm of smoke-and-mirrors, its all paper & debt now.
 
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