Gold Bullion In Fort Knox
HiBucky
Posts: 621 ✭✭✭
We are going to do a complete inventory and make sure it's there. Crickets !!! I heard nothing ...
1
HiBucky
Posts: 621 ✭✭✭
Comments
FDR 'stole' Americans' gold thru confiscation in 1933. Ft. Knox was built in 1936 to stash the hoard. Less than 18% of the gold stored there is reported to meet the strict LBMA "Good Delivery" gold bar requirement of minimum 99.5% purity. The remaining 82% of its bars are likely melted 90% coins taken from the public.
If there's gonna ever be an audit, I hope in divulges the purity of the bars stored there.
The price of gold is set by faith, or lack of, in the currency it is priced in.
Another nothingburger. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
If there's gonna ever be an audit, I hope in divulges the purity of the bars stored there.
That would be essential to any audit.
I knew it would happen.
yes, but the purity marked on a bar is confirmed only with an assay of the bar, not just a count of the bar. If the gold's there that is believed to be there that's gonna take quite a while.
The price of gold is set by faith, or lack of, in the currency it is priced in.
Doesn't matter how much gold is in the Fort. What matters is if it's real and has it been leased to outsiders. There were rumors that during the Clinton years a lot of it was replaced with plated tungsten bars. Could this be why an audit has not occurred?
The price of gold is set by faith, or lack of, in the currency it is priced in.
Some will still complain that it wasn't thorough enough, or some of the docs were forged, or the inspectors / auditors were on the take, or...
Exactly!!
A Walter Cronkite type of trusting person should visit there and inspect and report. Maybe then some credibility might be established as to its existence. At one time Walter was the most trusted man in America.
Wikipedia lists whats in fort Knox and if I remember right the vault at knox was opened in 2016 for the exact same reason people want to open the vault now.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
a peek in the door is not the same as a full blown audit.
The price of gold is set by faith, or lack of, in the currency it is priced in.
We went through this in 1975 with Phil Crane and Ron Paul.
The gold is there, stop the nonsense.
It doesn't matter how many times and how thorough the audit. The bunker nuts will always claim it's simply not there. Well where the he-double-L did it go? SMH!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Well where the he-double-L did it go? SMH!
Knowledge is the enemy of fear
And who is that today? NO news network is trusted.
Matt Taibbi
In his reporting in the wake of the 2008 subprime mortgage crisis and subsequent Great Recession, Taibbi described Goldman Sachs as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money"
He exposed the post 2008 illegal "rocket docket" foreclosures that enabled the quick resale of the properties, while obscuring the fraudulent and predatory nature of the loans. He published the "Twitter Files" where he exposed media bias in their political reporting, especially the Hunter laptop story.
Tabbai has repeatedly displayed a desire for publishing the truth and has been called before congress as a witness on media bias. You want the truth? Just as Tabbai.
The price of gold is set by faith, or lack of, in the currency it is priced in.
Taibbi was effective with Twitter because it was clear-cut bias. Elon Musk did the real expose.
His Wall Street commentaries are beyond his abilities and comprehension. Blaming Goldman Sachs is ridiculous (and I have no love lost for them, my ex-college rival runs the place and they turned me down for a job at least 10 times
).
Cut the nonsense about "predatory" loans. I'm on my condo board and we have numerous deadbeats who haven't paid common charges in 7 years, probably also defaulted on their mortgages too. They are parasitic sponges, sucking off the rest of us while driving cars that cost 3x what we drive. And then we see them on TV with NYS elected officials talking about how they are "keeping them in their homes" -- you guys have no idea what is going on with so-called "mortgage fraud."
Gold.... the currency of the universe!! what else are ya gonna use for interstellar commerce, ? nanu nanu!
I'm on my condo board and we have numerous deadbeats who haven't paid common charges in 7 years
Why doesn't the condo board sue them for breach of contract?
I knew it would happen.
While I like Taibbi, that description is not the news, it includes his bias. The media is not trusted because they share their own commentary on the news. We would need someone to just report the facts.
Also, to be clear, I'd like to see an audit of Ft. Knox as well - at least a spot check.
The description of Taibbi that was provided is fact. Please, prove it wrong. If needed, have one of the girls on "The View" run it through their fact checker.
The price of gold is set by faith, or lack of, in the currency it is priced in.
You can only foreclose. And the rules are stacked to protect deadbeats and debtors. Our annual budget is $2 MM a year so spending tens of thousands to go after deadbeats is not worth it.
You have to wait for them to be foreclosed on (takes forever) and hope there's enough equity in the unit to pay you back after the mortgage holder is taken care of first.
Simple, place a lien on their property. HOA will then have a legal claim on any proceeds when it sells. Keep updating the lien, at some point the HOA may become owner of the property.
The price of gold is set by faith, or lack of, in the currency it is priced in.
Yes, simple to do that, not so simple to collect. Same as with a judgement.
lienholder collects automatically when property is transferred to another owner. Lien is on the property not the person owing the money.
The price of gold is set by faith, or lack of, in the currency it is priced in.
It doesn't matter. If they don't pay the mortgage and the equity doesn't cover the mortgage+interest, we get hit.
Most likely owned by a trust which continues to hold the property long after the grantors death.
Knowledge is the enemy of fear