Since: Nov 08

Location hidden

#1 Oct 6, 2011
I saw this thing on TV last night about how there may be little to no gold at Fort Knox. They kept speculating on how the American people would respond if it turns out to be true that the vault is empty. The general consensus is that our whole system would completely collapse if the American people found out that there is no gold at Fort Knox. I thought that was weird.
Reagan is supposedly the last President to visit Fort Knox. He was extremely concerned about whether or not there was any gold left in there.
I went to town today and spent well over $100 on some things I needed. But if I had a confirmation that there was no gold at Fort Knox, I suppose I would have panicked, and not went to town today. I would have stood guard with a gun, in case someone breaks in to steal something.
Djs51

Danville, KY

#2 Oct 6, 2011
Jason

Greenville, SC

#3 Oct 6, 2011
Djs51 wrote:
There has not been an audit at fort knox in 30 years!

Why won't they permit an audit?
Djs51

Danville, KY

#4 Oct 6, 2011
Jason wrote:
<quoted text>
There has not been an audit at fort knox in 30 years!
Why won't they permit an audit?
You will HAVE to ask someone who.....
KNOWS more about THAT than me......

GATA seeks audit of MYTHICAL, Fort Knox gold

As many know, the (supposed) hoard of U.S. gold at Fort Knox has not been independently audited for over fifty years. It goes without saying that if the U.S. actually has the gold it claims to have there could be no possible reason for preventing independent verification.

With the natural presumption being that the U.S. government is lying about the actual amount of gold remaining at Fort Knox, let me add some additional history. Several years ago, the U.S. government changed the description of the gold at Fort Knox from “gold reserves” to “deep-storage gold”.

This change alone caused a mixture of fury and amusement among “gold bugs”- because it occurred at a time when the U.S. government was “forward-selling” gold into the market (depressing the price of gold)– in return for buying the future production of some of the world's largest gold miners.

Thus, what “deep storage gold” obviously referred to was gold that had not even been dug out of the earth, let alone refined. Obviously, then, if the gold was still contained in ore that had not even been taken out of the ground, then it could NOT have been in the vault of Fort Knox.


More recently, the U.S. government has again changed the way it describes its gold from “gold reserves” to “gold and gold-swaps” with NO break-down on how much gold has been “swapped”(i.e. lent to a 3rd party), and how much gold the U.S. government actually “possesses”.

In short, with no audits, and NO public disclosure of how much gold has been “swapped”, we have no idea of what percentage of Fort Knox gold is claimed to be “owned” by more than one owner.

The request by GATA for an independent audit of Fort Knox gold (under the “Freedom of Information Act”) is nothing new. What is new is that the U.S. media is paying attention to this issue for the first time in fifty years (see this Fox News interview of a GATA official).

An independent audit of Fort Knox gold is but one of many potential catalysts for breaking the Manipulators' grip on gold forever, and having gold finally rise to its equilibrium value (somewhere between $3000/oz and $10,000/oz). A default by the Comex-criminals, or by the fraudulent, bullion-ETF's would accomplish the same thing – as would any realistic statement of the actual severity of the U.S. economic collapse.

Thus, a Fort Knox audit is in no way essential to a proper revaluation of gold. It is merely one more avenue to pursue in ending the concerted, criminal suppression of gold (and silver). Unless/until gold becomes fairly priced, in a free and open market, the best days clearly lie ahead for all holders of precious metals (and precious metals equities) with the exception of the fraudulent, bullion-ETF's.
Djs51

Danville, KY

#5 Oct 6, 2011
Is Gold in Fort Knox Real? Ron Paul Wants to Know

http://www.cnbc.com/id/43391588
Djs51

Danville, KY

#6 Oct 6, 2011
Djs51 wrote:
<quoted text>
You will HAVE to ask someone who.....
KNOWS more about THAT than me......
GATA seeks audit of MYTHICAL, Fort Knox gold
As many know, the (supposed) hoard of U.S. gold at Fort Knox has not been independently audited for over fifty years. It goes without saying that if the U.S. actually has the gold it claims to have there could be no possible reason for preventing independent verification.
With the natural presumption being that the U.S. government is lying about the actual amount of gold remaining at Fort Knox, let me add some additional history. Several years ago, the U.S. government changed the description of the gold at Fort Knox from “gold reserves” to “deep-storage gold”.
This change alone caused a mixture of fury and amusement among “gold bugs”- because it occurred at a time when the U.S. government was “forward-selling” gold into the market (depressing the price of gold)– in return for buying the future production of some of the world's largest gold miners.
Thus, what “deep storage gold” obviously referred to was gold that had not even been dug out of the earth, let alone refined. Obviously, then, if the gold was still contained in ore that had not even been taken out of the ground, then it could NOT have been in the vault of Fort Knox.
More recently, the U.S. government has again changed the way it describes its gold from “gold reserves” to “gold and gold-swaps” with NO break-down on how much gold has been “swapped”(i.e. lent to a 3rd party), and how much gold the U.S. government actually “possesses”.
In short, with no audits, and NO public disclosure of how much gold has been “swapped”, we have no idea of what percentage of Fort Knox gold is claimed to be “owned” by more than one owner.
The request by GATA for an independent audit of Fort Knox gold (under the “Freedom of Information Act”) is nothing new. What is new is that the U.S. media is paying attention to this issue for the first time in fifty years (see this Fox News interview of a GATA official).
An independent audit of Fort Knox gold is but one of many potential catalysts for breaking the Manipulators' grip on gold forever, and having gold finally rise to its equilibrium value (somewhere between $3000/oz and $10,000/oz). A default by the Comex-criminals, or by the fraudulent, bullion-ETF's would accomplish the same thing – as would any realistic statement of the actual severity of the U.S. economic collapse.
Thus, a Fort Knox audit is in no way essential to a proper revaluation of gold. It is merely one more avenue to pursue in ending the concerted, criminal suppression of gold (and silver). Unless/until gold becomes fairly priced, in a free and open market, the best days clearly lie ahead for all holders of precious metals (and precious metals equities) with the exception of the fraudulent, bullion-ETF's.
Forgot the link:
http://bullionbullscanada.com/index.php...
Djs51

Danville, KY

#7 Oct 6, 2011
Maybe you can find something here.....
It's the US Mint tho....not Ft Knox....

http://www.usmint.gov/downloads/about/annual_...

AnAlysis of systems, Controls And legAl CompliAnCe
The United States Mint is responsible for establishing and maintaining effective internal control over financial reporting, which includes safeguarding of assets and compliance with laws and regulations. The United States Mint has made a conscious effort to meet the internal control requirements of the Federal Manager’s Financial Integrity Act (FMFIA), the Federal Financial Management Improvement Act (FFMIA), the Office of Management and Budget (OMB) Circular A-123, and the Reports Consolidation Act of 2000. The departments under the United States Mint’s purview are operating in accordance with the procedures and standards prescribed by the Comptroller General and Office of Management and Budget guidelines.
The systems of management controls for the United States Mint are designed to ensure that:

programs achieve their intended results;

resources are used consistently with the overall mission;

programs and resources are free from waste, fraud and mismanagement;

laws and regulations are followed;

controls are sufficient to minimize any improper or erroneous payments;

performance information is reliable;

systems security is in substantial compliance with all relevant requirements;

continuity of operations planning in critical areas is sufficient to reduce risk to reasonable levels; and

financial management systems are in compliance with Federal financial systems standards, i.e., FMFIA Section 4 and FFMIA.
falcon

Temecula, CA

#8 Dec 28, 2012
What if all the gold was removed from fort Knox shortly after the '74 audit...unbeknownst to the public....to new vault locations beneath the several federal reserve locations throughout the US......the old "don't keep all your eggs in one basket " theory....
They would then be able to fill fort Knox with even worse....WMD weapons...sarin...etc....and they would not have any issues with the surrounding communities because you think it's all gold.
However, is the gold being held in the reserves actually ours? Or have we sold it (consigned) to other nations with REAL cash (China) to keep our economy afloat.
Could be the precipice of a major malfunction.

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