I'm sure this question has been asked here before but just out of curiosity... How many people here think Fort Knox is actually EMPTY?
Possibly empty, or more likely the gold has been sold, leased, pledged or otherwise titled so it no longer belongs to the people of the USA. I suspect the FED took ownership in 1934, and it has changed hands many times since. I saw a video of a Congressional hearing recently, where Ron Paul was questioning a Fed representative on how much gold the Fed owned, but the Witness gave double speak answers that suggested that the Fed owns no gold, and that any gold belongs to the US Treasury.
I've never been one to blindly give in to conspiracy theories, so I think it contains gold. What advantage would the government have in lying about that? Guy
I don't think it matters. The US reports there is X amount there. They guard it and act as though X amount is there. There's really only 3 possible outcomes: 1) There's never a reason to take it out, so it doesn't matter if it's there or not, the world believes it is. 2) It needs to be removed to pay off US debts, because the world no longer has any faith in the United States, and demands immediate payment...in which case, the US as we know it has ceased to exist ANYway, and whether the gold is there to pay those debts is a moot point. 3) Some mastermind actually manages to break in to Fort Knox with the intent of stealing it, in which case the credibility of the US Army, Fed, Treasury, and pretty much the entire central banking system is shot anyway, so who cares about some silly yellow bars?
I saw the recent episode of Decoded on the History Channel as well. There is either no gold there or much less gold than we think should be there. TC
I hate these threads, but FWIW, I don't believe the Fed would own anything aside what it needs for immediate banking purposes. It would be the treasury department that would hold Government assets.
If the gold were found to not be there or to be encumbered people would lose a lot of faith in the dollar. Money is worth what people think it's worth and if they believed there was no gold they'd spend their money right away. This is inflation. I think the gold is there but is at least partially encumbered. Of far more concern to me is the gold that isn't in Fort Knox. I believe the bankers have sold every ounce that exists to hundred people; Every ounce of silver to five hundred people. This was illegal but everyone's in on it. HMmmmmm. Come to think of it isn't that sucker sitting right over a branch of Mammouth Cave.
Ft Knox is meaningless. Why would the government risk having it empty when the bad publicity is worth a lot more than this small amount of money is worth to them.In the scheme of things, all of the gold in the world is a small amount of money to modern governments. Chris
If there is any there, it is probably just being held there, but now owned by someone other than the people. We (taxpayers) now just get to pay for the storage and gaurding of someone else's fortune, so that it can appear our country is stable.
http://www.history.com/videos/journalist-goes-inside-fort-knox#journalist-goes-inside-fort-knox September 23rd 1974. British ITN Journalist Michael Brunson goes inside at Fort Knox. Brunson was one of a select group of journalists and politicians invited to see inside the Gold Bullion depository as part of a PR exercise to counter the conspiracy theory that the Vault was empty. No-one has been invited to tour the Vault since
it might be in there, it might not. we need an audit of it, or odds are its not in there. if it really is, they should atleast release a press vid of the gold
Of course it's in there. http://www.history.com/videos/journalist-goes-inside-fort-knox#fort-knox-secrets-revealed
What does it matter whether it is there or not. The US dollar isn't backed by gold in any way shape or form any longer, and it would form only a very small part of the countries wealth anyway. It's like saying my checks aren't shaky because I don't have a half dollar in the desk drawer.
I reckon it must be full or the Bank of England would not say the UK has the second largest stash of gold in the world after Fort Knox. Guvments wouldn`t lie to us would they. The picture shows one twentieth of what we have stored and that is after our brilliant ex Prime Minister Brown sold off 415 tonnes when gold prices were at rock bottom a loss of about £6 billion.
