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POLL: The US Govt should SELL GOLD to pay down the debt/ save the Dollar/ etc.
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<p>[QUOTE="Juan Blanco, post: 1612324, member: 41665"]I'm inclined to believe much of the Gold was sold (swapped away) in various accounting fictions. </p><p>But I don't know this. What does Dr. Ron Paul think?</p><p><br /></p><p>I DID hear an NPR program (Diane Rehm?) a few years ago where a Treasury honcho dodged the question but implied the Gold wasn't all there. He could have answered directly; he didn't. </p><p><br /></p><p>When they refuse to, whine about the cost of an audit, security (?!) etc. ... it only looks worse.</p><p><br /></p><p>If an audit revealed that only 25% of the US Gold Reserves remain (unencumbered) would that cause a global mkt panic? Maybe. The Dutch also store 50% of theirs in NYC (supposedly) ; the Germans' concern has been well-publicized: <a href="http://www.dw.de/tracking-down-germanys-gold/a-16383224" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.dw.de/tracking-down-germanys-gold/a-16383224" rel="nofollow">http://www.dw.de/tracking-down-germanys-gold/a-16383224</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1612324, member: 41665"]I'm inclined to believe much of the Gold was sold (swapped away) in various accounting fictions. But I don't know this. What does Dr. Ron Paul think? I DID hear an NPR program (Diane Rehm?) a few years ago where a Treasury honcho dodged the question but implied the Gold wasn't all there. He could have answered directly; he didn't. When they refuse to, whine about the cost of an audit, security (?!) etc. ... it only looks worse. If an audit revealed that only 25% of the US Gold Reserves remain (unencumbered) would that cause a global mkt panic? Maybe. The Dutch also store 50% of theirs in NYC (supposedly) ; the Germans' concern has been well-publicized: [URL]http://www.dw.de/tracking-down-germanys-gold/a-16383224[/URL][/QUOTE]
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POLL: The US Govt should SELL GOLD to pay down the debt/ save the Dollar/ etc.
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