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Poll: gold in Fort Knox?

coolestcoolest Posts: 2,281 ✭✭✭
What is your opinion?
Lots of gold?
No gold?
Can't make a decision by myself?
«1

Comments

  • AUandAGAUandAG Posts: 24,477 ✭✭✭✭✭
    Lot's of gold........maybe



    bobimage
    Registry: CC lowballs (boblindstrom), [email protected]
  • derrybderryb Posts: 36,013 ✭✭✭✭✭
    How can anyone make a decision if they won't open the doors?

    If there were lots of gold there, Germany would have been given what is theirs. They won't even open the doors for Germany to have a look.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    I think there's a lot of U.S. gold still there. I read somewhere that U.S. law prohibits selling the government's gold except to pay down the national debt. Gov't officials are unlikely to risk their own hide.

    But selling / trading / leasing foreign countries' gold -- the stuff held by the Fed in NY -- well, that's a different story. The story about German gold seems to be a real smoking gun here.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • bronco2078bronco2078 Posts: 9,961 ✭✭✭✭✭


    The neat thing about polls is if you vote early then check back you can almost tell what crowd is online at the moment.

    I confess to being the first no gold vote image
  • OPAOPA Posts: 17,103 ✭✭✭✭✭


    << <i>The neat thing about polls is if you vote early then check back you can almost tell what crowd is online at the moment.

    I confess to being the first no gold vote image >>



    Or which one is a Paranoid Conspiracy Advocateimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OverdateOverdate Posts: 6,890 ✭✭✭✭✭


    << <i>I think there's a lot of U.S. gold still there. I read somewhere that U.S. law prohibits selling the government's gold except to pay down the national debt. >>


    Does the law prevent leasing it?

    My Adolph A. Weinman signature :)

  • derrybderryb Posts: 36,013 ✭✭✭✭✭


    << <i>

    << <i>I think there's a lot of U.S. gold still there. I read somewhere that U.S. law prohibits selling the government's gold except to pay down the national debt. >>


    Does the law prevent leasing it? >>


    Law only applies to you and I.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭


    << <i>

    << <i>I think there's a lot of U.S. gold still there. I read somewhere that U.S. law prohibits selling the government's gold except to pay down the national debt. >>


    Does the law prevent leasing it? >>



    Dunno... haven't been able to find the original law anywhere.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • bronco2078bronco2078 Posts: 9,961 ✭✭✭✭✭


    << <i>

    << <i>The neat thing about polls is if you vote early then check back you can almost tell what crowd is online at the moment.

    I confess to being the first no gold vote image >>



    Or which one is a Paranoid Conspiracy Advocateimage >>




    It looks like the PCA crew is behind in the polls by a score of 15-11 . I count the don't knows as PCA's .

    Time to energize the base , bump for the dayshift image
  • derrybderryb Posts: 36,013 ✭✭✭✭✭
    to most people 10 ounces is "lots of gold." Hopefully there is more than that in the vault.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I believe it is there..... if there were none, the secret would long be out..... Cheers, RickO
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭
    I believe it is there. But if it wasn't, the USA and its fiat currency would still be the strongest economic, political, and technoligical force on the planet with the strongest and most sophisticated military to back it up.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,013 ✭✭✭✭✭


    << <i>I believe it is there. But if it wasn't, the USA and its fiat currency would still be the strongest economic, political, and technoligical force on the planet with the strongest and most sophisticated military to back it up. >>


    If it's not there, then why is it so important for the world to believe that it is?

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • One question I have is this. Does the US still add to their gold holdings? If not, when was the last time that the US Govt added to their official gold holdings. I read where China, India, Germany, France, Russia, Mexico, and other countries continue to do so. Not sure what the US position is on this.
  • derrybderryb Posts: 36,013 ✭✭✭✭✭


    << <i>One question I have is this. Does the US still add to their gold holdings? If not, when was the last time that the US Govt added to their official gold holdings. I read where China, India, Germany, France, Russia, Mexico, and other countries continue to do so. Not sure what the US position is on this. >>


    I suspect the US position is to assist these countries in adding to their gold holdings.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Is there gold in FN? Yes. Who owns it? Ah, it's complicated.
  • johnny9434johnny9434 Posts: 27,306 ✭✭✭✭✭
    if its empty then were all in huge trouble.
  • HigashiyamaHigashiyama Posts: 2,131 ✭✭✭✭✭
    Of those who voted "no" -- does anyone have a credible explanation as to why we felt compelled to let it go? For years, the Saudis, the Japanese, and now the Chinese have been happy to take our "paper". The financial markets are utterly obvious to what is happening under the surface at Fort Know.
    Higashiyama
  • dbcoindbcoin Posts: 2,200 ✭✭


    << <i>One question I have is this. Does the US still add to their gold holdings? If not, when was the last time that the US Govt added to their official gold holdings. I read where China, India, Germany, France, Russia, Mexico, and other countries continue to do so. Not sure what the US position is on this. >>



    The US owns more gold than any other nation by a large amount. Why would they need to add to it?
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The US owns more gold than anyone else on "paper." Those paper numbers include leased and promised gold. The inventory doesn't tell us on which country's books it is listed.

    There's lots of gold in Fort Knox. But probably not the amount listed on the current inventory. Something considerably less. The real issue is who owns the gold at Fort Knox. The US FED/Treasury could have
    easily worked swaps and leases over the years with other countries essentially giving them title to that gold. Forget the inventory, show us the swap, lease, loan, and sale books. In the rare instance that all
    tonnes are there....you can bet we don't own it all. Rumor has it that JPM was leased millions of ounces of gold from the US govt back in 2004-2008. And the govt wants it back. JPM doesn't want to give it back.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • probably moved and location will never be known
    "I'm dropping my standards so that I can buy more"
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭


    << <i>

    << <i>I believe it is there. But if it wasn't, the USA and its fiat currency would still be the strongest economic, political, and technoligical force on the planet with the strongest and most sophisticated military to back it up. >>


    If it's not there, then why is it so important for the world to believe that it is? >>




    I think there is only a very very small number of people in the world who feel it is important. Really, the vast majority of people in the world and in this grand country couldnt care less about any gold in Fort Knox. Gold in Fort Knox is not what makes this the greatest country the planet has ever known .
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,013 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I believe it is there. But if it wasn't, the USA and its fiat currency would still be the strongest economic, political, and technoligical force on the planet with the strongest and most sophisticated military to back it up. >>


    If it's not there, then why is it so important for the world to believe that it is? >>




    I think there is only a very very small number of people in the world who feel it is important. Really, the vast majority of people in the world and in this grand country couldnt care less about any gold in Fort Knox. Gold in Fort Knox is not what makes this the greatest country the planet has ever known . >>


    There is no guarantee that greatness will last, even with the most powerful military. Ask a Roman, if you can find one.

    Greatness is extended by honesty, fairness and social conscience. History has shown that it can easily end due to economic mischief and financial irresponsibility.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭
    Ah yes. Gold, the Almighty, the Savoir. Surely gold will protect us from ourselves and keep us on the path of salvation. Viva la gold!!!
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭
    Ask a Roman, if you can find one.

    I was recently in Rome. It was packed with Romans.

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,013 ✭✭✭✭✭


    << <i>Ask a Roman, if you can find one.

    I was recently in Rome. It was packed with Romans. >>


    You were mistaken, they were Roman descendents now under a different ruler. They're not even allowed to call themselves Romans.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭
    Well, they seemed happy, for the most part, whatever they're called.

    Even if Rome had maintained and grown its empire, those folks would have died, and their decendents would live just like other modern people, and each one's personal outcomes would be mostly determined by luck of birth, chances of fate, and daily decisions about what to do with their time.

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,013 ✭✭✭✭✭


    << <i>Well, they seemed happy, for the most part, whatever they're called.

    Even if Rome had maintained and grown its empire, those folks would have died, and their decendents would live just like other modern people, and each one's personal outcomes would be mostly determined by luck of birth, chances of fate, and daily decisions about what to do with their time. >>


    They were fortunate (unlike the Tibetians, Ottomans or American Indians) to have found a new greatness.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • OverdateOverdate Posts: 6,890 ✭✭✭✭✭


    << <i>I was recently in Rome. It was packed with Romans.
    You were mistaken, they were Roman descendents now under a different ruler. They're not even allowed to call themselves Romans. >>


    "When in Rome, do as the people who happen to live in Rome do."

    Doesn't sound quite as pithy.

    My Adolph A. Weinman signature :)

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>I think there is only a very very small number of people in the world who feel it is important. Really, the vast majority of people in the world and in this grand country couldnt care less about any gold in Fort Knox. Gold in Fort Knox is not what makes this the greatest country the planet has ever known . >>



    If tomorrow the USTreasury reported that all 8133 tonnes of US gold reserves were gone. In other words they were sold off to help keep gold and currencies in check over the past 20 years. How do you think the price of gold
    the USDollar, and other key financial metrics would respond? I think the dollar would crash big time. The markets would enjoy similar wild swings. If it doesn't matter, why don't they just come forward with a detailed audit on
    all what they have plus all the gold swaps, leases, and various transactions conducted over the last 25 years. After all, if only a "few people in the world" care why not just come clean? Why the big charade? If J6P found out
    that his gold was gone and govt had been lying about if for decades all heck would break loose....immediately.

    The gold the US held from 1787-1960's is precisely what helped make this country great. It's rather obvious that the superpowers of the past 500 years or so were the ones that had a monetary system backed by gold/silver.
    Great Britain rose to power on gold and the US did the same thing in the late 19th/early 20th centuries. It was precisely the gold standard and the industry that was built on that, which drew in all those immigrants from 1870
    onward.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,013 ✭✭✭✭✭
    what are the chances a lot of the gold was sold off to bullion dealers to keep gold prices down by increasing market supply?

    If so, what are the chances that once it was depleted the futures market became the method to control market price?

    Leasing to bullion dealers to sell would not accomplish the task because the dealers would eventually have to decrease market supply by buying it back to return it to its source.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭
    If the USA had no gold, the USA would still be the worlds #1 superpower. Chaos would not break out. Good is not what defines a country.

    There is no charade. Only the fantasies of a few desperate to preach a religion.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭


    << <i>If the USA had no gold, the USA would still be the worlds #1 superpower. Chaos would not break out. Good is not what defines a country.

    There is no charade. Only the fantasies of a few desperate to preach a religion. >>



    The one thing zealots all have in common: the claim that they're right and everyone else is wrong. This is based on a claim that their revelation is both novel (they are the few enlightened ones among all the current uninformed or misled) and timeless (based on ancient "truths")

    Meanwhile, evolution favors the adaptable that can use new information and technology to advance and pass the advantage to the next generation.

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,013 ✭✭✭✭✭
    "Zealots, end of the world, preaching their religion" image Sounds like a gun control activist.

    It's really quite simple - let the facts speak for themselves. Denying reality does not make reality any less real nor does it make those that do see it any less accurate.

    Gold in Ft. Knox? Not important. What is important is if it is not there, where did it go and why?

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Good thing we are not sitting around a comfortable room with full brandy snifters (and a copious supply).... wow... imagine the theories that would arise and the debate ensue.... all over a simple 'yes or no' question.... image Cheers, RickO
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>If the USA had no gold, the USA would still be the worlds #1 superpower. Chaos would not break out. Good is not what defines a country.

    There is no charade. Only the fantasies of a few desperate to preach a religion. >>




    The truth is we don't know what would happen if the people's gold were reported all gone tomorrow. My feeling is that massive moves in numerous markets would occur. And things would not settle out where they had
    been. You could consider this an instant devaluation of the $1 TRILL or so in circulating FRN's. Yes, the USA would still be the #1 superpower. But our markets would take a pounding for quite a while....especially our finanical
    and economic markets. The Defense Dept would do just fine. No religion or charades here just following what has happened in history with such revelations. One can preach all they want that the world hasn't been on a gold
    standard for over 40 years.....but that's really BS. And the evidence of the CB's continuing to hold 31,000 tonnes of "useless" gold demonstrates that fact. Fwiw that "religion" is currently practiced by the FED and CB's of the
    world. Must be something to it. The lack of transparency in any gold transactions for decades also supports the validity of this central bank "religion." When those guys come clean with all the books and records and dispose of
    all their holdings, then it will be clear it was a charade all along. I don't think the other nations of the world would look too kindly upon the purchasing power of the USD if the world's reserve currency were found NOT to have
    8133 tonnes of gold behind it. The USD's relative strength to all other major currencies would plummet overnight. China, Russia, India, Brazil, Germany, Italy, France, etc. all take gold's role in their economies very seriously.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭
    My feeling is that massive moves in numerous markets would occur. And things would not settle out where they had
    been.


    I would agree since most models are built on what is known. The unknown is what causes problems. But when the markets determine that F, or MSFT or WMT, or AAPL will not experience any adverse effects to their earnings and the world did not end and the US still has the most powerful economy and military all will revert back to "normal". The mailman will deliver your mail. The lights will stay on. Planes will not fall out of the sky and people will still discuss American Idol by the water cooler.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,749 ✭✭✭✭✭
    Yes … thats why I was in uniform with an M 1911 A1, and an M-16. To guard it.
  • DoubleEagle59DoubleEagle59 Posts: 8,139 ✭✭✭✭✭
    Very little left.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    some gold

    MJ
    Walker Proof Digital Album
    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......
  • derrybderryb Posts: 36,013 ✭✭✭✭✭


    << <i>Yes … thats why I was in uniform with an M 1911 A1, and an M-16. To guard it. >>


    Maybe they even had you fooled. image Did you see the gold or just the locked vault?

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • coolestcoolest Posts: 2,281 ✭✭✭
    Tha answer is....... No gold left!
    all teh gold has been rehypothicated or sold to China
    The price of gold will be well over $3000/oz by the end of the year!
  • OPAOPA Posts: 17,103 ✭✭✭✭✭


    << <i>Tha answer is....... No gold left!
    all teh gold has been rehypothicated or sold to China
    The price of gold will be well over $3000/oz by the end of the year! >>



    good grief..another brainwashed conspiracy nut....welcome to the asylum. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭
    If it's so unimportant, why isn't there a public accounting done on a regular basis, just like any business is required to do every year? Apparently, the answer is too important or too sensitive, for reasons that we don't get to know. The whole thing smacks of dishonesty.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭
    Why account for it if we know its there? There is only a small group of people who dont agree. Why appease them?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭
    So, you don't think that the government should be held to at least the same standards as any private company or individual? So you really believe that the people should be accountable to the government, but that the government doesn't need to be accountable to the people?

    The answer to the question of whether or not there is gold in Ft. Knox is an answer to a question of principle, cohodk. Don't you agree?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • GRANDAMGRANDAM Posts: 8,336 ✭✭✭✭✭
    As my wise old GrandPappy use to say,

    He who has the gold makes the rules,, image


    If / when it is discover that the US doesn't have all the gold it is supposed to have the rules will change and someone other than Americans will be making the new rules and the NEW rules will not favor the US.

    JMHO, GrandAm image
    GrandAm :)
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,749 ✭✭✭✭✭


    << <i>
    Maybe they even had you fooled. image Did you see the gold or just the locked vault? >>



    I only saw the lead and the brass, and had to salute the latter. image
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    At this point, what difference does it make?
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>Why account for it if we know its there? There is only a small group of people who dont agree. Why appease them? >>



    So if you and I made a bet for $10,000 that all that gold listed on the US gold inventory was in the vaults with the US as the rightful owner to every ounce, that you'd take the YES side? Just to be fair, I'll give you 99% which allows for 83 tonnes of "slippage." Of course to do this we'd have to review both sets of books on those vaults including all the lease and swap records. The difference at this point is that if J6P found out tomorrow that there was more than 1/3 of the gold missing or reassigned to some other nation, the price of gold would sky rocket over night. Of course, the following morning the PPT would get to work selling hundreds of thousands of naked gold futures contracts on the Comex....lol. Within the next 10 years the on-going scams on the Comex/LBMA and/or US official gold inventory will blow wide open. Take your pick....or both if you like. image

    The US still owns the world's reserve currency. And those 8300 tonnes of gold in inventory have a huge influence on the dollar's perceived value and liquidity to our trade partners. Symbolism is an expensive notion in this case.
    If the gold is indeed gone there is no way the US govt will give up that information.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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