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How much gold is actually in Fort Knox?
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<p>[QUOTE="tommybee, post: 1018706, member: 24999"]If the US sold off all of its gold reserves and advertised same to the world....the USD would collapse. While we aren't on the gold standard anymore, that gold backs our FRN. Oversimplification? No.</p><p> </p><p>The lack of an audit for 50+ years scares me. The only reason not to audit is because there isn't as much gold as there should be.[/QUOTE]</p><p><br /></p>
[QUOTE="tommybee, post: 1018706, member: 24999"]If the US sold off all of its gold reserves and advertised same to the world....the USD would collapse. While we aren't on the gold standard anymore, that gold backs our FRN. Oversimplification? No. The lack of an audit for 50+ years scares me. The only reason not to audit is because there isn't as much gold as there should be.[/QUOTE]
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