Is Fort Knox Empty?

Hahahahahaha what gold?

 

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Goldfinger and Odd Job nearly pulled it off......Plant a nuclear device and make this nations gold unusable for 30 years. Now, if there ain't no gold in Ft. Knox it's because of these two guys. The goobers probably moved it to a more secure and secret location. This country owes a debt of gratitude to MI5..........

 

Does it really matter if the gold is there? It doesn't back anything anymore. Granted, the government will tell you it's the people of the United States' gold, but I bet if you asked to withdraw your share you'd be met with the end of a rifle, so really there is no point one way or another. Do I think our financial institutions would crumble, or investor confidence would dwindle if we found out there was no gold? Thats nonsense...they manage to do that on their own, gold or no gold. I think I'm with the majority of the US population when I say, who cares.
Guy

 

EXACTLY ! If you are going to claim you have a pile of gold, you need to show somebody. And that is an extaordinary claim to say it exists, when there is no evidence it does.

 

Just runnin' on faith, Guy. Blind faith. Faith in our Gooberment. God Perish the day if/when we all lose faith in it.......

 

Sorry to get back to reality, but the density of gold is 19.32 g/mL while tungsten is 19.25 g/mL I think the difference would be REALLY hard to tell.

 

Goldfinger knew.......

 

Forgive me cutting up your post, but it was a lengthy one so I'm just responding to this. I agree it's a security risk to let anybody in. It just seems like they could accomplish the task with one camera man, not turning the camera on until inside, one person to handle the metal, probably someone already inside, and one person to validate its authenticity. It doesn't have to be a circus, even if that's what it would most likely end up becoming after all this time.

Also agree lack of opening proves nothing, but if it quacks like a duck, walks like a duck, well, it could still be a goose.

This last part is where I'm going to diverge. If it doesn't matter, then why does security matter in the first place? I realize that's an extreme reaction, but I would contend it does matter because I believe that we will see money backed by gold in the near future out of necessity when the fiat experiment fails. Maybe the future will prove that idea to be folly, but if it does come to pass we will need every bit of that gold. I sincerely hope they don't plan on selling whatever may be in there.

 

Fair enough sir. It could be done with less risk, I agree. I simply wanted to share what I know from previous background about a possible reason why they do not wish to open the depository to a lot of people. I guess I just have a low tolerance for conspiracy theories, believing if someone claims something outlandish they should have outlandish proof. I believe Kennedy was shot by Oswald, Elvis died of prescription drugs in 1977, and the gold is still in Ft Knox. I very well could be wrong on all three.

Btw, I never mind chopping my responses, I do it as well. As long as someone doesn't misquote me, (ahem), I never mind how I am quoted.

Edit: Also, I meant the value of the gold, in the scheme of the Fed debt, does not really matter. It would matter a great deal to public opinion, which is why I think the damage done by selling the gold would be much worst than any monetary benefit.

 

I have decided to put my umbilical cord for sale. Sure nobody's seen it since silver first hit $50/oz, but I assure you I have it. It's right here beneath my shirt, still attached, but it's too cold outside and I don't feel like showing you right now. As soon as you send money to my PO Box I will be sure to deliver it.

 

Really? I thought the burden of proof would be to those claiming its not there, since its documented it was there in the 70's, so THEY proved it. Now why don't YOU prove its not there?

 

True for density, but Gold is diamagnetic whereas tungsten is paramagnetic, Gold has about half of the electrical resistivity of tungsten, and about twice the thermal conductivity. Even gold plated tungsten bars would test differently end to end with sensitive equipment. Also the tungsten would most likely be tungsten pellets in epoxy matrix as it is so difficult to cast in the size of a gold bar, and that would really mess up the physical features I mentioned. I doubt they would just determine density and skin color of the bar. At least I wouldn't. IMO.

Jim

 

It would easier at Knox since their gold is mainly coin gold, so it should be much lower than pure gold or tungsten. Plus the bars were all numbered and placed in the vaults well before fake gold/tungsten bars were first published. Gold and tungsten are very close, so I agree normally just blank bars would be difficult to tell.

 

Astounding repartee here guys.

Totally enjoying the exchange..........

 

All I wanna add is............we saw it in 1974 and nobody's seen it since , meaning the public. In a classic "pigeon drop" the huckster makes sure the mark gets a really good look at the money before it disappears.

Think about it,

gary

 

If the gold wasn't there, then immediately the Federal Reserve would be found to have an invalid balance sheet because the gold certificates that are backed by this gold, are used in part to back the non-circulating "base money" the Federal Reserve uses for backing of the entire USD in circulation. You can check this yourself by looking at the Federal Reserve balance sheet on their website.

While you and I, we peons, can't redeem our federal reserve notes for gold, this doesn't mean the central banks don't need it. When the central banks deal with each other, they don't use the confetti they print for us. They use "lawful money" which includes gold reserves and Treasury notes directly backed up by taxation of the US taxpayer. So, if the US were found to be lying about their gold reserves, it would have a devastating effect on the USD in terms of world trade and faith in the fiat money system. Most likely it would bring down the existing system as bad as it is and the USD in people's pockets would really become worthless.

So yes, every American should be very worried about it.

The question for you if you don't believe this, and I don't blame you, is why do you put worth in a piece of linen with a long dead president's face printed on it?

 

The popular rumor doesn't involve plating tungsten bars. Supposedly the counterfeit bars are produced by casting a bar that has a core of tungsten with a layer of gold cast, not plated, around it. This is a technically very difficult to do and could only be accomplished by an entity with some advanced skill and equipment. The resulting bar would still have a significant amount of gold but instead of being worth say, $500,000, it would be worth only $150,000. A bar constructed in such a manner could only be tested by drilling core samples.

This type of counterfeiting would only be useful to an entity with a significant amount of gold and which trades in multiples of gold bars. It would also be required for them to engage in activities that are not disclosed to the public. The popular rumor was that some of the gold in Ft. Knox got this treatment during the Clinton years and was then pawned off on the communist government in China.

I've heard this rumor many times over the years, but as far as I know, with the exception of one possible example in the Balkins, nobody has ever produced one of these bars. That is countered by the fact that someone that ended up with the fake gold is afraid to expose it lest their own secret activities are exposed.

 

Because I've never had a bill collector or bank or grocer...or anyone turn down my pieces of linen yet. It's bought me food, clothing, two homes and two college educations, to name a very few. Until the day comes when that isn't a reality for not only myself, but you and others, then I don't see what the inconclusive worrying is about.
Guy

 

Exactly. We have documentation, past audits, we have videos of it, sure they're old but it's evidence. I doubt the government has hauled it all away, sold it, melted it into keychains for members of congress, etc. The burden of proof is now on those that say it's no longer there, what proof and evidence do you have saying they moved it, sold it, etc?

 

You are correct, of course. If the gold was found to be missing, it would put a hole in the Federal Reserve balance sheet that would no doubt be papered over in some manner. They already own a lot of worthless securities and it doesn't make a difference. Gold makes great money, but it isn't the only form of money. Paper money will always have value as long as the government demands payment in paper for taxes and other things under penalty of imprisonment or worse.