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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="Evom777, post: 995216, member: 27123"]You are correct about Our gold not coming close to putting a dent in Our debt. Some estimates of Fort Knox have the gold there at about 5 trillion dollars worth. (Our debt is roughly 13 trillion) The U.S.mint estimates that there is about 147.3 million troy ounces of gold there. (according to their website) </p><p><br /></p><p>The problem is that there have been no independent auditors to actually go in Fort Knox since Eisenhower was president. We don`t know if the government have used any of that gold to fund transactions that could be deemed "questionable" at best. I do know that Ron Paul had been trying to push for a bill to get independent auditors in there, but I have not heard the latest on that. Some groups have tried to go through the Freedom of Information Act in the hopes of promised transparency ultimately prevailing, but they have found the process to be slower than molasses. (big surprise there) </p><p><br /></p><p>I too agree with You that the U.S. dollar is on shaky ground. There is a significant push from some foreign countries for a one world currency, as well as a push to get oil off of the dollar. (which I believe is inevitable) My personal opinion is that one would be certifiably insane not to invest in any of the PMs right now.[/QUOTE]</p><p><br /></p>
[QUOTE="Evom777, post: 995216, member: 27123"]You are correct about Our gold not coming close to putting a dent in Our debt. Some estimates of Fort Knox have the gold there at about 5 trillion dollars worth. (Our debt is roughly 13 trillion) The U.S.mint estimates that there is about 147.3 million troy ounces of gold there. (according to their website) The problem is that there have been no independent auditors to actually go in Fort Knox since Eisenhower was president. We don`t know if the government have used any of that gold to fund transactions that could be deemed "questionable" at best. I do know that Ron Paul had been trying to push for a bill to get independent auditors in there, but I have not heard the latest on that. Some groups have tried to go through the Freedom of Information Act in the hopes of promised transparency ultimately prevailing, but they have found the process to be slower than molasses. (big surprise there) I too agree with You that the U.S. dollar is on shaky ground. There is a significant push from some foreign countries for a one world currency, as well as a push to get oil off of the dollar. (which I believe is inevitable) My personal opinion is that one would be certifiably insane not to invest in any of the PMs right now.[/QUOTE]
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