i goggled pics of fort knox gold, and that same picture came up as fort knox. I'd give a thousand dollars just to walk through fort knox or the uk's gold depository
Here`s the newspaper article from 2008 when I first saw the pic, the posters on the walls are British. http://www.dailymail.co.uk/news/art...-gold-Bank-England-weather-credit-crunch.html
sorry, I kind wrote an incomplete thought... I meant that the picture probably is from the uk, since I saw the pic on goggle. sadly, I think there is very little gold acutally in fort knox.
For some reason most folks cannot seem to grasp this concept. If you took all of the gold, all of the silver, and all of the platinum owned by everybody in the entire world - private individuals and governments combined, the total value of all of the precious metals combined would only be a tiny fraction of all of the money in the world.
If Ron Paul elected to President or Vice president we may know. what is there I think unless they won't allow him in.. It 2year or President Reagan to get in to Gold vault at Ft Knox with vice president & chief of Staff W.Bush Sr& Dick Cheney are the only 2 folk's still alive that have been in the FT Knox gold Depository. you read thur the document here but it not easy.www.loc.gov :kewl:
In a nutshell the dollar is backed by the full faith and credit of the US government. If they were caught lying about what is or isn't in Ft Knox their credibility and faith come into extreme question. The gold in Ft Knox represents not only part of the assets that back the dollar but also represent a solution to a bond collapse. Something of value is needed to back a new currency and we won't have time to cast about looking for solutions if the house of cards collapses.
Why? The Chinese are not expecting to be paid in gold? And neither is the general public. The value of the dollar is overwhelmingly affected by GDP (supply and demand of goods and services to the toon of about 100 trillion dollars a year) and Taxes. If you want the value of the dollar to go up, it is very simple. Raise taxes (which can only be paid for in dollars). Those Dollars disappear into Treasury department and reduce the number of dollars in the open market and poof, the dollars value compared to all other currencies climbs through the roof. This is simple math, and has nothing at all to do with the gold in Fort Knox. Huh? The government doesn't pay ANYTHING in gold.
Frankly the Chinese might not mind being paid in Wheat and Barley with the huge hunger problems they still suffer.
I heard Elvis was spotted leaving the building at Fort Knox in a pink Cadillac Eldorado stacked full of gold bars, with Bigfoot in the passenger's seat. C'mon guys. The Federal government is not ingenious, motivated or talented enough to pull off some wacky conspiracy theory type heist. I know, I worked for them for 22 years. There's plenty of gold still there.
In a way it doesn't even matter, because if push comes to shove, with us not having a Gold Standard any more, if there is a need to back our dollars with something, we (the people) wouldn't get the gold anyways. Just more "FDIC" paper money payouts to cover paper money losses. That being said, I don't really know if that's true, but it's how I feel that our government would operate if there was an issue. The gold, if there is any in Ft. Knox, is more of a security blanket for the populace to "believe" that all the paper is backed up with real value.
good point, the government really isn't very good at hiding stuff. I can't think of much that the government kept secret for more then 40 years
You missed the main point. Fort Knox has not been audited since 1974. Do you have a reasonable explanation for this? They couldn't find one. In fact, nobody has been able to find a reasonable explanation for it.
The paperwork and logs are audited every year I believe. I believe the main reason there is not a physical audit is that a physical audit causes security nightmares. The last thing you want with a storehouse of high value, fungible goods is a lot of people tracking in and out every year, being able to see first hand security provisions, procedures, etc. The government is pretty decent with security and how to keep something safe, and they know the fewer people who even know what the physical structure and security provisions even look like, the safer they can keep something. Sorry, but some people will always just believe in conspiracy theories, and no matter how much you say to them they will continue to believe its a cover up. How about our nuclear missiles as well? Did we sell those to the Chinese? When was the last time a civilian physically inventoried all of these? Chris
