Is There Gold in Fort Knox?
mrearlygold
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Is There Gold in Fort Knox?
That’s why Ron Paul (R-Texas), a 2008 presidential candidate known for his libertarian streak, wants to have a look around. Paul introduced a bill to audit the Federal Reserve, which includes Fort Knox’s gold. “My attitude is, let’s just find out what’s there,” he says.
Is there gold in Fort Knox?
One of the responders said:
tertian@...
01/21/10 | Report as spam
RE: Is There Gold in Fort Knox?
This article is funny. I wonder if the author really thinks this (can anyone really be this ignorant?) or is he deliberately pumping out dis-information?
Gold is the ultimate medium of exchange. There isn't that much of it available, perhaps 170,000 tons, with about 2000 to 2400 tons mined annually all over the world. About 90% of the gold ever mined is still around, which should clue you in as to how precious this stuff has been and continues to be all over the world. In India, values are still calculated in gold grams when it comes to determining the worthiness of a suitor.
At $1100 USD per ounce, the European central banks are not buying, but apparently acccumulating on price dips, the Asians are aggressively buying, including 200 tons by the Indians at $1045/oz. Clearly, they think the price is not high and they think they need the reserves. Why is that? Their economies are doing better than the Western one (China's growth rate is what, 10.7%), so why are they aggressively buying gold?
Would you rather have gold in your vault or paper dollars? which get diluted in value by the trillions every year? The whole world is answering this question as we write. By purchasing GOLD.
The author of this article cannot be ignorant of this. Nobody can be that stupid. He's simply another Pimp for the Fed.
That’s why Ron Paul (R-Texas), a 2008 presidential candidate known for his libertarian streak, wants to have a look around. Paul introduced a bill to audit the Federal Reserve, which includes Fort Knox’s gold. “My attitude is, let’s just find out what’s there,” he says.
Is there gold in Fort Knox?
One of the responders said:
tertian@...
01/21/10 | Report as spam
RE: Is There Gold in Fort Knox?
This article is funny. I wonder if the author really thinks this (can anyone really be this ignorant?) or is he deliberately pumping out dis-information?
Gold is the ultimate medium of exchange. There isn't that much of it available, perhaps 170,000 tons, with about 2000 to 2400 tons mined annually all over the world. About 90% of the gold ever mined is still around, which should clue you in as to how precious this stuff has been and continues to be all over the world. In India, values are still calculated in gold grams when it comes to determining the worthiness of a suitor.
At $1100 USD per ounce, the European central banks are not buying, but apparently acccumulating on price dips, the Asians are aggressively buying, including 200 tons by the Indians at $1045/oz. Clearly, they think the price is not high and they think they need the reserves. Why is that? Their economies are doing better than the Western one (China's growth rate is what, 10.7%), so why are they aggressively buying gold?
Would you rather have gold in your vault or paper dollars? which get diluted in value by the trillions every year? The whole world is answering this question as we write. By purchasing GOLD.
The author of this article cannot be ignorant of this. Nobody can be that stupid. He's simply another Pimp for the Fed.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
0
Comments
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I knew it would happen.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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<< <i>I didn't know that the Fed owns Ft. Knox. Anybody wanna guess what else the private bankers own? >>
Ft Knox is a very large military installation and the bullion depository is a very small tenant at Ft. Knox.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I dont know about any gold , but be ready for the army to search your vechile and answer a some questions as soon as you exit the ramp leading to the fort.
Why did the army have their soldiers pretend to be gassed by Miss P. Galore's gorgeous female pilots, and let Goldfinger enter the vaults and come within 7 seconds of detonating a device that would have rendered the gold at Fort Knox radioactive for 57 years.
Surely there was a better way of handling that situation.
they stole that gold years ago
<< <i>didn't he see GOLDFINGER ?
they stole that gold years ago
To the contrary, Goldfinger's plan was never to steal the gold. It was to detonate a bomb and make the gold at Fort Knox radioactive for 57 years, thereby making the gold that Goldfinger already owned a lot more valuable.
See my post above for more details.
<< <i>FYI, the gold in Ft. Knox is actually in the custody of the United States Mint and is guarded by their police force. The annual report of the Mint details the holdings there. The same people who think there is no gold there also believe we did not go to the moon and fakes it from Arizona (well, maybe not all, but it is just another idiot conspiracy theory). >>
Of course, the conspiracy theorists believe that the absolute lack of proof of a conspiracy only PROVES that the conspiracy is successful!!!!
P.S.: Did you ever see the squashed cactus under the left foot of the Lunar Lander????????????
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Why won't they allow an independent audit of the gold? GATA has been asking for years. >>
Because after 30+ years of the government doing it they are probably off a few bars each time they count it
<< <i>I'll go check...I'm on the Fort Knox base right now. >>
Make sure that you send us some pics.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire