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<p>[QUOTE=&quot;GDJMSP, post: 44788, member: 112&quot;]The US Mint buys the gold &amp; silver it uses for coinage on the open market - it can come from anywhere. They manufacture the ASE, AGE and APE for one reason - profit. </p><p><br /></p><p>For all intents and purposes the international gold standard collapsed and ceased to exist in 1933. </p><p><br /></p><p>As for Fort Knox, yest there is some gold held there. But the majority of the gold held by the US Govt. resides in a bank vault in New York City. The gold purchased &amp; used by the US Mint is held at West Point.[/QUOTE]</p><p><br /></p>

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