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<p>[QUOTE=&quot;fatima, post: 1018683, member: 22143&quot;]Indeed and I was wondering if someone was going to notice this.&nbsp; This is because the gold held here isn&#039;t denominated in Federal Reserve (note) dollars.&nbsp;&nbsp; This gets back to my original statement on the purpose of the gold in the Federal Reserve and why it is there. The gold is denominated in US Lawful Money.&nbsp; This would be considered the true asset value of the gold denominated in US Treasury money if the time came to liquidate the Fed.&nbsp; This value was set in 1971, I believe, and has remained constant.&nbsp;&nbsp; The Fed, can&#039;t list it&#039;s own dollars as assets, they instead are liabilities.&nbsp;&nbsp; The gold was actually originally acquired from FDR in 1933 for $35/oz.&nbsp;&nbsp; (After it was seized from the people at $20/oz.)&nbsp; FDR used the difference to fund his federal programs.&nbsp;&nbsp; </p><p><br /></p><p>Allegedly, a big portion of gold bars in Ft. Knox are not at London Gold Delivery specs as the bars are 90% crown gold alloy and never refined up to a more pure state.&nbsp;&nbsp; There is also supposed to be an undisclosed amount of unmelted 1933 and earlier USA gold coins stored there as well.&nbsp;&nbsp; If so, a treasure trove in numismatic value well beyond the worth of the gold itself. </p><p><br /></p><p>-------------------------------</p><p><br /></p><p>Thoroughly answered now.&nbsp; Even the originator of the statement now seems to acknowledge the importance of this gold.&nbsp; If it was found to be missing, there would be hell to pay at many levels of government, outrage by those in the know, and the world finance system would go into hysterics.[/QUOTE]</p><p><br /></p>

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